Southeastern Grocers, a Florida-based supermarket chain operating under Winn-Dixie and other banners, withdrew its plans for an initial public offering on Friday. It had filed to raise $134 million by offering 8.9 million shares (100% secondary) at a price range of $14 to $16, but postponed ahead of pricing in January.
The Jacksonville, FL-based company was founded in 1924 and booked $9.3 billion in sales for the 12 months ended September 30, 2020. It had planned to list on the NYSE under the symbol SEGR. BofA Securities, Goldman Sachs, Deutsche Bank, BMO Capital Markets, Wells Fargo Securities, and Truist Securities were set to be the joint bookrunners on the deal.
