Southeastern Grocers Considers Initial Public Offering
JACKSONVILLE, FL - Southeastern Grocers is once again mulling the decision to go public. After confidentially submitting a draft registration statement on Form S-1 with the Securities and Exchange Commission, it seems that the grocer is now readying to charge ahead with the initial public offering (IPO) plan.
“The shares in the proposed offering are expected to be offered by existing stockholders of the company,” the company said in a statement. “This process will help enable the company to make the decision to become publicly traded, subject to market and other conditions.”
The brief news release detailing the IPO gave very few details. Southeastern Grocers did remark that the statement does not constitute an offer to sell or the solicitation of an offer to buy any securities.
Will this strategy work in the retailer’s favor? AndNowUKnow will continue to report.
