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Discount grocery chain Grocery Outlet Holdings files for a $100 million IPO


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Grocery Outlet Holdings, which operates a network of 316 independently operated discount grocery stores, filed on Monday with the SEC to raise up to $100 million in an initial public offering.

The Emeryville, CA-based company was founded in 1946 and booked $2.3 billion in sales for the 12 months ended December 31, 2018. It plans to list on the Nasdaq under the symbol GO. Grocery Outlet Holdings filed confidentially on March 26, 2019. 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. No pricing terms were disclosed.

The article Discount grocery chain Grocery Outlet Holdings files for a $100 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: News Headlines , IPOs



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