Tuesday, October 20, 2015

Albertsons postpones IPO indefinitely

Albertsons, which had been expected to complete its initial public offering last Thursday, announced the day before that the IPO was postponed indefinitely due to recent market volatility. The company had said in a prospectus that it intended to offer 65.3 million shares priced at $23 to $26 per share, with the possibility of selling 9.8 million more shares if demand warranted it.

If all 75 million shares had been sold at the top of the range, the deal would have totaled $1.95 billion.

Albertsons operates about 2,200 stores in 33 states under banners that include Acme, Albertsons, Safeway, Vons, Jewel-Osco, Shaw's and others.

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