initial public offerings (IPOs) trading on American exchanges

Wednesday, June 19, 2019

Grocery Outlet (GO) prices IPO at $22 a share

  • As of December 29, 2018, it had 316 stores, which included 308 independent operated stores, as well as 8 company operated stores in 5 western states and in Pennsylvania. The company was founded in 1946 and is headquartered in Emeryville, California.
  • Sector: Consumer Defensive
  • Industry: Grocery Stores
  • Full Time Employees: 679

Grocery Outlet Holding Corp. announced late Wednesday it will price its initial public offering at $22 a share, well above the high end of its range. On Tuesday, the company hiked its expected range to $18 to $19 a share, from $15 to $17 a share. Grocery Outlet is offering 17,187,500 shares for sale, raising about $378 million. Shares of the California-based company, which has 323 stores across the West Coast and Pennsylvania, are expected to list on the Nasdaq under the ticker symbol "GO" starting Thursday.

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