Wednesday, December 17, 2014

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Fairway Public Shares Offered In NASDAQ For First Time

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TWC News: Fairway Public Shares Offered In NASDAQ For First Time
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Fairway Market, a favorite city supermarket chain that started on the Upper West Side, offered shares of their company to the public in the NASDAQ for the first time Wednesday.

Each share of Fairway Group Holdings, which has the ticker FWM, opened at $13 and gained about 33 percent, closing at $17.35.

Fairway opened on the Upper West Side of Manhattan in 1933 as a fruit and vegetable stand.

They now have 12 stores in the area and hope to expand across the country to compete with other large grocery chains like Whole Foods.

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