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US Foods prices IPO at $23, within the range

May 25, 2016
USFD

US Foods Holding, the second-largest US foodservice distributor LBO'd by KKR and CD&R, raised $1.0 billion by offering 44.4 million shares at $23, within the range of $21 to $24. US Foods Holding plans to list on the NYSE under the symbol USFD. Goldman Sachs, Morgan Stanley, J.P. Morgan, BofA Merrill Lynch, Citi, Credit Suisse, Deutsche Bank, Wells Fargo Securities and KKR acted as lead managers on the deal.