Albertsons (ACI), a US grocer operating under Albertsons, Safeway, and other banners, announced last week that it would hold a conference call on April 30 to discuss financial results for its fiscal fourth quarter ended February 29. An IPO could soon follow.
Albertsons filed publicly for an IPO on March 6 that we estimate would raise as much as $2 billion but has yet to launch its offering. The company previously attempted an IPO in 2015 and also sought to enter the public markets through a merger with Rite Aid in 2018. The company publishes regular earnings reports because of the publicly traded debt it has outstanding.
While IPO activity has slowed to a trickle in the last two months, Albertsons has reasons to be optimistic about its planned offering...
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