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

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

Albertsons
ACI,
-3.43%

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…



Source marketwatch.com

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