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Fresh Market Withdraws IPO Filing

07/21/2022

On July 16th, 2021, an S-1 registration statement with amended filings including a March 14th, 2021 preliminary prospectus was submitted to the Securities and Exchange Commission (SEC). This past week the Fresh Market submitted a request to the SEC to withdraw the documents leading to an IPO.

 

On March 14th, 2016, the Fresh Market was acquired by Apollo Global Management and became a private company.  In May of this year, Cencosud of Chile, a leading supermarket operator in Latin America purchased two-thirds of the equity of Fresh Market in a $676 million transaction.

 

Presumably the decision to halt the IPO is attributed to extreme fluctuation in the equity market with a record of sharp declines in share value demonstrated by companies following recent IPOs.

 

Currently the Fresh Market operates 186 stores in 27 states.