Albertsons Companies, one of the largest grocery chains in the US with more than 2,200 locations, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that could raise $1 billion or more.
The Boise, ID-based company, which was founded in 1926 and booked $27 billion in sales for the fiscal year ended ended February 28, 2015. It has not selected a ticker or an exchange. Goldman Sachs, BofA Merrill Lynch, Citi and Morgan Stanley are the joint bookrunners on the deal. No pricing terms were disclosed.
