Grocery Retailer Albertsons Plans to Raise $1.3B in IPO

Lincoln Wylie

Albertsons on Thursday stated it envisioned to raise up to $1.3 billion in its original general public presenting.

IPO Pricing

The grocery retailer is hoping to offer sixty five.eight million shares priced in between $18 and $twenty for each share. Underwriters for the IPO will have an option to acquire an extra 9.87 million shares inside 30-days of the IPO.

Albertsons will not be taking any net proceeds from the presenting, as all shares being offered come from the prevalent inventory of current stakeholders, which includes billionaire Stephen Feinberg’s Cerberus Capital Administration.

JPMorgan Chase, Citigroup, Bank of America’s BofA Securities, and Goldman Sachs are the guide underwriters for the presenting.

The Idaho-centered organization had filed for the IPO with the United States Securities and Exchange Commission in March.

[Editor’s note: Albertsons stated it is variety a person or variety two in marketplace share in most of the metropolitan marketplaces it

Read More