PE-backed Albertsons goes public: WSJ

Supermarket operator Albertsons raised $800 million for its IPO after pricing its 50 million shares at $16 per share, reported the Wall Street Journal.

Supermarket operator Albertsons raised $800 million for its IPO after pricing its 50 million shares at $16 per share, reported the Wall Street Journal. The news outlet noted that the value of the IPO was below expectations as it previously was seeking to sell 65.8 million shares between $18 and $20 per share, according to a regulatory filing. The stock began trading June 26, 2020 on the New York Stock Exchange under the ticker symbol “ACI.” Albertsons was by Cerberus Capital Management LLP.

Source: WSJ