Top Stories

Albertsons is giving the public markets another try — here are 5 things to know about the grocery giant and its IPO


With food-at-home in high demand due to the coronavirus pandemic, Albertsons Cos. has filed paperwork to go public.


began trading on the New York Stock Exchange on Friday under the ticker symbol “ACI.” Shares immediately fell before rising and then ending down 3.4%.

Late Thursday, the company priced its IPO at $16 a share, lower than the $18-to-$20 price range it was seeking. The grocer will sell 50 million shares — also below expectations, as it was seeking to sell 65.8 million shares — raising up to $800 million.

Included in the Albertsons nationwide portfolio of grocers are the namesake chain along with Vonns, Safeway, Jewel…


Coca-Cola pauses advertising on all social media platforms globally

Previous article

This chart shows link between restaurant spending and new virus cases

Next article

You may also like

Leave a Reply

Notify of

More in Top Stories