Albertsons Latest Shot at Going Public Could Raise $1.5 Billion
Albertsons, the second-largest grocery store chain in the U.S, is making plans to go public, the third attempt in recent years. The company filed its S-1 with the Securities and Exchange Commission (SEC), though no date for the initial public offering (IPO) has been set.
The stock would trade on the New York Stock Exchange using the ticker ACI. Albertsons plans to offer 65.8 million shares to the public, which are expected to be priced at between $18 and $20. The underwriters have the option to sell an additional 9.87 million shares. The IPO is expected to raise a total of between $1.18 billion and $1.51 billion.
Image source: Albertsons.
Source Fool.com
