Albertsons expects $1.84 billion from IPO
Albertsons expects $1.84 billion from IPO
Albertsons has said it expects to raise $1.84 billion in its initial public offering, according to The Wall Street Journal. The company filed a registration statement with the Securities & Exchange Commission for the IPO July 8, and at the time Albertsons said it planned to raise $100 million in the offering.
A recent Reuters report citing familiar with the matter anticipates it will come together in late September or early October. The company will trade under the "ABS" symbol on the New York Stock Exchange.
Earlier this year Albertsons completed its merger with Safeway, creating a diversified network that includes 2,230 stores, 27 distribution facilities and 19 manufacturing plants with over 250,000 employees across 34 states and the District of Columbia.