<p><strong>New York, NY</strong><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Fairway Market stated this past Friday it had confidentially filed for an initial public offering. The company, majority-owned by private equity firm Sterling Investment Partners, did not provide details about the offering, according to Reuters. Fairway Market filed under its parent company, Fairway Group Holdings Corp.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> Under the Jumpstart Our Business Startups Act, or the JOBS Act, companies that have less than $1 billion in annual sales can receive a few perks including waiting until shortly before the offering to file. The company then only needs to disclose two years’ worth of financial data, instead of the typical three. Reuters reported in May that the company was considering going public, citing sources familiar with the situation.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">The IPO for Fairway Market would be coming during a time when the atmosphere for success for grocery chains such as Whole Foods Market Inc and Fresh Market Inc, seems pretty promising. The companies have seen their shares climb 33 percent and 50 percent, respectively, this year.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.reuters.com/article/2012/08/03/fairway-ipo-idUSL2E8J39MM20120803" target="_new"> Fairway Market </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">
