Retailer plans to list its stock under the symbol SEGR
JACKSONVILLE, Fla. — Southeastern Grocers Inc. said Thursday that it plans an initial public offering of 8.9 million of its common stock, which would be sold by some of its stockholders at an expected offering price of between $14 and $16 per share.
As noted in a registration statement the company previously filed with the U.S. Securities and Exchange Commission, Southeastern Grocers itself is not selling any shares in the offering, and will not receive any net proceeds from the IPO.
The selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 1.335 shares of the company’s common stock. The company has applied to list the shares of common stock on the New York Stock Exchange under the ticker symbol “SEGR.”
Southeastern Grocers said that the registration statement it filed with the SEC has not yet become effective, and that the sale of the securities might not go through.
Southeastern Grocers is one of the largest supermarket chains in the United States and operates the BI-LO, Fresco y Más, Harveys Supermarket and Winn-Dixie chains (as well as liquor stores and in-store pharmacies, in the seven southeastern states of Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina and South Carolina.