TFM News

The Fresh Market, an Apollo-backed fresh food grocer with over 150 stores in 22 states, withdrew its plans for an initial public offering on Wednesday. It originally filed in July 2021 with an estimated deal size of $250 million. This past May, it was reported that Chilean retail group Cencosud would acquire a majority stake in The Fresh Market, valuing the company at $676...read more

Over the last decade, a rising number of companies have come to the IPO market with heavy losses. But for many issuers looking to go public in 2022, profitability will be a prerequisite. There are several factors behind the decade-long increase in unprofitable IPOs. IPO investors at the beginning of last decade were more cautious as markets recovered from the Great Recession. More...read more

The Fresh Market, an Apollo-backed fresh food grocer with over 150 stores in 22 states, filed on Friday with the SEC to raise up to $100 million in an initial public offering. This is likely a placeholder for a deal we estimate could raise up to $250 million. The Fresh Market provides high quality, fresh foods and difficult-to-find items in a small, intimate store...read more

The Fresh Market, a high-growth perishable food retailer with 100 stores in 20 states, will see its quiet period end on Tuesday, December 14. On November 4, the company raised $290 million by offering 13.2 million shares at $22, above the range of $18-$20. BofA Merrill Lynch, J.P. Morgan and Goldman, Sachs & Co. acted as lead managers on the deal....read more