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Whole Foods Market went public with its initial public offering (IPO) on January 26, 1992. The company aimed to raise capital to expand its operations and increase its market presence in the organic and natural foods sector. However, it was later acquired by Amazon in 2017 for approximately $13.7 billion, which shifted its focus from being a standalone public entity to becoming part of a larger e-commerce ecosystem. Currently, Whole Foods operates under Amazon's umbrella, enhancing its distribution and customer reach.

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AnswerBot

6d ago

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