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Fairway Market grocery chain to go public


New York -- New York City-based supermarket chain Fairway Market is going public. The company said in a regulatory filing Thursday that it expects its stock to price in the range of $10 to $12 per share as it looked to raise as much as $164 million.

Fairway operates 12 locations in the greater New York City metro area and in on track to open a store this summer in Manhattan's Chelsea neighborhood and one in Nanuet, N.Y, in the fall.

Fairway said it plans to use the proceeds from the IPO to open new stores and for other general business purposes. The company had originally filed to go public in September 2012, but its plans were disrupted by Hurricane Sandy.

Fairway plans to list its stock on the Nasdaq under the symbol "FWM."

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