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Produce returns: Grocery Outlet Holdings prices IPO above the revised range at $22


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Grocery Outlet Holdings, which operates a network of more than 300 independently run discount grocery stores, raised $378 million by offering 17.2 million shares at $22, above the upwardly-revised range of $18 to $19. The company originally filed to offer shares at a range of $15 to $17.

Grocery Outlet plans to list on the Nasdaq under the symbol GO. BofA Merrill Lynch, Morgan Stanley, Deutsche Bank, Jefferies, Barclays, Goldman Sachs, Guggenheim Securities, UBS Investment Bank and Cowen acted as joint book-running managers on the deal.

The article Produce returns: Grocery Outlet Holdings prices IPO above the revised range at $22 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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