Southeastern Grocers launching IPO
Southeastern Grocers launching IPO
Southeastern Grocers Inc. today announced the launch of an initial public offering of 8.9 million shares of its common stock to be sold by certain of its stockholders, at an anticipated initial public offering price between $14 and $16 per share.
The company is not selling any shares in the offering. The selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 1.335 million shares of the company’s common stock. The company has applied to list the shares of common stock on the New York Stock Exchange under the ticker symbol “SEGR.”
The company will