Schuman Cheese - Explicitly Enticing
Discover the Taste of Italy
Grocery Outlet Files to Sell 100M Dollars in Shares

Grocery Outlet Files to Sell 100M Dollars in Shares


EMERYVILLE, CA
Tuesday, May 14th, 2019

After announcing its intent to go public back in March, Grocery Outlet has reportedly filed on Monday with the SEC to raise up to $100 million in an initial public offering, according to a report by Nasdaq. Grocery Outlet first filed its IPO confidentially on March 26, 2019.

The news source reported that the filing first was announced on IPO investment manager Renaissance Capital’s website. The investment manager noted that Grocery Outlet hit $2.3 billion in sales for the 12 months ended December 31, 2018, and $2.1 billion in the same period during 2017, which positions the retailer positively for its goal mark of $100 million.

Grocery Outlet has reportedly filed on Monday with the SEC to raise up to $100 million in an initial public offering, according to a report by Nasdaq

BofA Merrill Lynch, Morgan Stanley, Deutsche Bank, Jefferies, Barclays, Goldman Sachs, Guggenheim Securities, UBS Investment Bank, and Cowen are the joint bookrunners on the deal, according to the news source.

Currently, Grocery Outlet did not disclose pricing details.

For more news like this, Deli Market News will continue to report.

Grocery Outlet
Topics: