Albertsons Officially Announces Initial Public Offering
BOISE, ID - Rumors have been swirling for years that Albertsons planned to go public, and now the retailer has finally made good on its promise. Late last week, the company issued a statement that it has officially filed a registration statement with the Securities and Exchange Commission for an IPO.
As we previously reported at the beginning of this year, people familiar with the matter valued Albertsons’ potential IPO at roughly $19 billion. AndNowUKnow can only wait with bated breath until official numbers surface.
A press release noted that the amount of securities offered will be determined by market conditions and other factors at the time of the offering. The number of shares of stock to be offered and the price range for the offering have not yet been determined. To see further information about Albertsons' initial public offering, click here.
Will Albertsons' IPO be another retail success? We here at AndNowUKnow will continue to patrol the newswire for the latest in all things grocery.