PE-backed Albertsons expected to rack up $1.3bn for IPO: NY Post

Supermarket operator Albertsons Cos is expecting to raise $1.3 billion for its upcoming IPO, reported the New York Post.

Supermarket operator Albertsons Cos is expecting to raise $1.3 billion for its upcoming IPO, reported the New York Post. The news outlet noted that “some of the Idaho-based company’s stockholders will sell 65.8 million shares at $18 to $20 apiece.” Albertsons is planning on listing the stock on the New York Stock Exchange under the ticker symbol “ACI.” Albertsons is backed by Cerberus Capital Management LLP.

Source: NY Post