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Roundy's prices upsized IPO at $8.50, below the range

February 8, 2012

Roundy's, a midwest supermarket chain with 158 stores in Wisconsin, Minnesota and Illinois, raised $163 million by offering 19.2 million shares at $8.50, below the range of $10.00 to $12.00. The company had originally planned to sell 18.2 million shares, resulting in a total deal size 18% less than originally anticipated. Selling shareholders sold only 4.5 million shares, 34% less than expected, while the primary shares offered by the company were increased 29% from 11.4 million to 14.7 million. Roundy's plans to list on the NYSE under the symbol RNDY. Credit Suisse, J.P. Morgan, and Jefferies & Co. acted as lead managers on the deal.