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Albertsons’ Files for IPO

03/11/2020

Cerberus Capital Management intends listing Albertsons on the New York Stock Exchange.  A registration statement has been filed with the Securities and Exchange Commission to list under the ticker symbol ACI. If the IPO takes place, the Company would be valued at about $20 billion according to The Wall Street Journal.

 

Although volatility in the market would appear to preclude an IPO in the immediate future, the move would complete the proposed IPO in 2015 that was shelved.  Albertson's does not release financial data, but it is understood that Albertsons earned $130 million on revenue of $60 billion in the most recent fiscal year ending on February 23rd 2019.

 

Albertsons operates 2,250 stores in 24 states under 20 banners including Albertsons’, Safeway, Von’s, Star Market, Shaw’s and Jewel-Osco.