Southeastern Grocers Files to Raise $500 Million in U.S. IPO

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Southeastern Grocers Inc., the food-store chain controlled by Lone Star Funds, filed to raise as much as $500 million in a U.S. initial public offering after shares of other chains that went public this year surged.

Citigroup Inc., Credit Suisse Group AG and Deutsche Bank AG are leading the sale, according to a regulatory filing today. The $500 million is a placeholder used to calculate fees and may change.