Supermarket Chain Albertsons Seeks Up to $1.3 Billion in IPO
- Company is expected to price its shares in IPO June 25
- Company generated revenue of $62 billion in last fiscal year
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Existing shareholders of Albertsons Cos., including Cerberus Capital Management, are seeking as much as $1.3 billion in its U.S. initial public offering, as grocery remains of the the few businesses to get a boost from the pandemic.
Backers of the Boise, Idaho-based supermarket chain are selling 65.8 million shares at $18 to $20 apiece, according to a Thursday filing with the U.S. Securities and Exchange Commission. Real estate investment firm Klaff Realty and Jay Schottenstein’s Schottenstein Stores Corp. are among sellers, the filing shows.