Albertsons Supermarket IPO Aims To Raise $1.9 Billion

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The second largest grocery store chain in the US, Albertsons, is preparing to launch its IPO on the New York Stock Exchange.  As of this moment, Albertsons plans on offering 65.3 million shares between $23-26 per share.  There is also an additional 9.8 million shares set aside just in case there is stronger demand than anticipated.  All in all, Albertsons could raise roughly $1.9 billion if they were to sell all shares. This puts Albertsons’s valuation around $12 billion on the higher end.  Additionally, Albertsons is said to trade under the ticker “ABS”. Cerberus Capital Management hopes “new” Albertsons will…

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