Midwest Grocer Roundy's (RNDY) Prices IPO at $8.50, Below Expected Range

Roundy's, Inc. (NYSE: RNDY) priced its initial public offering of 19,181,818 shares of common stock at a price of $8.50 per share, below the expected $10-$12 range. The offering size was increased from 18,181,818 shares. The stock will be open later today under the symbol "RNDY" on the NYSE.

Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC, along with Jefferies & Company, Inc. and Robert W. Baird & Co. Incorporated, are acting as joint book-running managers for the offering. Moelis & Company LLC acted as financial advisor to Roundy's.

Roundy’s is a leading grocer in the Midwest with nearly $4.0 billion in sales and more than 18,000 employees. Founded in Milwaukee in 1872, Roundy’s operates 159 retail grocery stores and 99 pharmacies under the Pick ’n Save, Rainbow, Copps, Metro Market and Mariano’s Fresh Market retail banners in Wisconsin, Minnesota and Illinois.

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