Southeastern Grocers Inc, a regional food retailer, has filed Form S-1 Registration Statement on October 19, 2020 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce. Sources estimate the total proceeds raised would up to $500 million.
The company is a regional food retailer operate with a long-standing history in the Southeastern United States. They operate 420 stores under the "Winn-Dixie," "Harveys" and "Fresco y Más" supermarket banners.
The Jacksonville, Florida-based company traces its roots to 1924 and booked $9.0 billion in revenue for the 12 months ended June 30, 2020. It plans to list on the NYSE under the symbol ‘SEGR.’ BofA Securities, Goldman Sachs, Deutsche Bank, BMO Capital Markets, Truist Securities and Wells Fargo Securities are underwriters of the IPO.
The company engages Weil, Gotshal & Manges LLP as US Securities Counsel, and Deloitte & Touche LLP as Independent Auditor.
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