Tuesday, January 14, 2020

Albertsons Prepares for an IPO, Again

The Wall Street Journal
Albertsons Cos. is once again preparing to go public, said people familiar with the matter, as the grocery giant’s backers look to tap into a strong stock market to cash out of an investment that dates back nearly 15 years.

The company, which also owns the Safeway and Jewel-Osco chains, expects to decide in coming weeks whether to proceed with an initial public offering that could value it around $19 billion, one of the people said. Albertsons has been updating IPO documents that have been filed confidentially with the Securities and Exchange Commission, the people said.. . . more