Albertsons (ACI) IPO Opens Lower

Today's IPO for Albertsons (NYSE: ACI) opens at $15.50 after pricing 50,000,000 shares of its common stock at $16.

In connection with the Offering certain of the selling stockholders have also granted the underwriters a 30-day option to purchase an aggregate of 7,500,000 shares of the Company's common stock.

BofA Securities, Goldman Sachs & Co. LLC, J.P. Morgan and Citigroup are acting as lead joint book-running managers for the Offering. Credit Suisse, Morgan Stanley, Wells Fargo Securities, Barclays and Deutsche Bank Securities are acting as book-running managers for the Offering. BMO Capital Markets, Evercore ISI, Guggenheim Securities, Oppenheimer & Co., RBC Capital Markets, Telsey Advisory Group, MUFG, Academy Securities, Blaylock Van, LLC, Drexel Hamilton, Loop Capital Markets, Penserra Securities LLC, Ramirez & Co., Inc., Stern and Tigress Financial Partners are acting as co-managers for the Offering.

Albertsons is one of the largest food and drug retailers in the United States, with both a strong local presence and national scale. Albertsons operates stores across 34 states and the District of Columbia under 20 well-known banners including Albertsons, Safeway, Vons, Pavillions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street and Haggen.

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