Southeastern Grocers, whose supermarket banners include Winn-Dixie and Harveys, has postponed its latest IPO.
Southeastern Grocers Inc. has postponed its initial public stock offering a week after providing a price range of $14-$16 for 8.9 million shares. While providing no specific reason for the delay, the grocer said that it would “continue to evaluate the timing for the proposed offering as market conditions develop.”
The company had filed a registration statement with the U.S. Securities and Exchange Commission relating to the proposed sale of its common stock, but the statement had not yet become effective.
Southeastern Grocers said last September it was exploring an IPO through an SEC filing that it said at the time would “help enable [it] to make the decision to become publicly traded, subject to market and other conditions.”
Winn-Dixie parrent company Southeastern Grocers pulls IPO
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Lone Star-backed Southeastern Grocers pulls IPO: Reuters
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Friday s Afternoon Update | 1/29/2021
In Florida, a drop in coronavirus cases, hospitalizations
For the first time since early October, Florida has shown meaningful improvement in the struggle against the coronavirus pandemic. The trend, a real sign of hope, mirrors what has happened in most of the United States. Across Florida, the number of people currently hospitalized with COVID-19 is less than 7,000. While that’s much higher than throughout most of the past year, it’s down from nearly 8,000 earlier in January. High daily case numbers persist, but after a winter peak about two weeks ago, those have fallen as well. More from the Tampa Bay Times.