Grocery Outlet Holdings, which operates a network of 316 independently operated discount grocery stores, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
The Emeryville, CA-based company was founded in 1946 and booked $2.3 billion in sales for the 12 months ended December 31, 2018. It plans to list on the Nasdaq under the symbol GO. Grocery Outlet Holdings filed confidentially on March 26, 2019. BofA Merrill Lynch, Morgan Stanley, Deutsche Bank, Jefferies, Barclays, Goldman Sachs, Guggenheim Securities, UBS Investment Bank and Cowen are the joint bookrunners on the deal. No pricing terms were disclosed.
