date:Jul 27, 2012
nge Commission (SEC), the company said the U.S. market can support at least 1,100 stores, including over 180 additional NGVC stores in the 12 states it currently operates or have signed leases.
Just over 7.1 million shares were sold in the IPO. NGVC raised a total of $54 million in the IPO by selling 3.6 million shares.
Another 3.5 million shares were sold by the selling stockholders, but NGVC did not receive any of those proceeds.
The growth in the organic and natural foods industry and grow