Albertsons Expects To Price IPO In $23-$26 Per Share Range - Quick Facts

(RTTNews) - Albertsons Companies, Inc. announced an initial public offering of its common stock, under which the company is offering 65,306,122 shares of common stock. Albertsons expects the offering price to be between $23.00 and $26.00 per share. The company will receive net proceeds of approximately $1.531 billion, assuming that the common stock is offered at $24.50 per share, the midpoint of the range.

Albertsons is a food and drug retailer in the U.S. As of June 20, 2015, the company operated 2,205 stores across 33 states. Albertsons Companies have been approved to list its common stock on the NYSE under the symbol, ABS.