Albertsons on Thursday explained it predicted to raise up to $1.3 billion in its original public supplying.
The grocery retailer is hoping to market 65.8 million shares priced involving $18 and $20 for each share. Underwriters for the IPO will have an alternative to buy an additional 9.87 million shares within just thirty-days of the IPO.
Albertsons won’t be using any web proceeds from the supplying, as all shares currently being marketed appear from the widespread inventory of current stakeholders, such as billionaire Stephen Feinberg’s Cerberus Capital Management.
JPMorgan Chase, Citigroup, Financial institution of America’s BofA Securities, and