Albertsons Companies, the third-largest US grocer operating under Albertsons, Safeway and other banners, officially withdrew its plans for an initial public offering on Friday.
The Boise, ID-based company was founded in 1926 and booked $59.7 billion in sales for the 12 months ended September 9, 2017. It had planned to list on the NYSE under the symbol ABS. Goldman Sachs, BofA Merrill Lynch, Citi, Morgan Stanley, Deutsche Bank, Credit Suisse and Barclays were set to be the joint bookrunners on the deal.
