Inside Long Island Business

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Fairway may be going public

The Fairway Market in Plainview. (March 1, 2012)

The Fairway Market in Plainview. (March 1, 2012) (Credit: Barry Sloan)

Fairway market filed for a confidential initial public offering last week, according to a report from Reuters.

Details on the IPO for the upscale grocer are unclear as the company filed under new laws that allow a smaller company to declare its intentions to go public confidentially, and not reveal any financial details until three weeks before a roadshow to market itself to potential investors.

The popular high-end grocery store chain operates out of Manhattan and has more than 10 locations in the New York metro area. Private equity firm Sterling Investment Partners is the majority owner of the company.

On Long Island, Fairway market has a store in Plainview, and expects to open another in Westbury in two weeks.

Tags: IPO , fairway market , grocery stores

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