JACKSONVILLE, Fla. — Southeastern Grocers Inc. has postponed its planned initial public offering, the company said Friday.
The retailer said it will continue to evaluate the timing for the proposed offering as market conditions develop.
A registration statement relating to the proposed sale of these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.
Southeastern Grocers had said on January 21 that it planned 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.
The retailer emerged from bankruptcy in June 2018, and added nine new stores and remodeled another 32 in 2020.
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.