Southeastern Grocers Inc., the parent company of Winn-Dixie, is selling 8.9 million shares of stock in an initial public offering that will continue to leave a group of investment firms in control.
All of the shares are being sold by the investment firms, with the Jacksonville-based company not receiving any proceeds from the IPO.
An updated registration statement filed with the Securities and Exchange Commission on Jan. 21 shows Fidelity Investments with 21% of Southeastern Grocers’ stock. It will continue to own 20.9% after selling a small number of shares in the IPO.
A company controlled by Lone Star Funds is selling about 4.35 million shares, reducing its stake from 11.6% to 1.5%.
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Southeastern Grocers, Inc. ( Southeastern Grocers or the Company ) today announced the launch of an initial public offering of 8,900,000 shares of its common stock to be sold by certain of its stockholders, at an anticipated initial public offering price between $14.00 and $16.00 per share, pursuant to a registration statement on Form S-1 previously filed with the United States Securities and Exchange Commission (the SEC ). The Company is not selling any shares in the offering. The selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 1,335,000 shares of the Company s common stock. The Company has applied to list the shares of common stock on the New York Stock Exchange under the ticker symbol SEGR.
Managing Director and CEO, JEA
Jay Stowe, the new CEO of Jacksonville’s municipal water and electric utility since Nov. 30, inherited an organization cooperating in a federal grand jury probe and preparing a five-year, $2.5 billion capital investment plan.
His hiring ended a 1½-year period that saw an attempt to sell JEA to a private company, resulting in U.S. Department of Justice and City Council investigations and the firing of former CEO Aaron Zahn and his senior leadership team.
Stowe plans to repair trust within JEA while moving on plans to invest $1.6 million to modernize its its water and wastewater system.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Winn-Dixie Celebrates Mardi Gras Traditions and Local Culture With Community Partnerships
January 6, 2021 GMT
Winn-Dixie teams up with Ochsner Hospital for Children and Zulu Social Aid & Pleasure Club to keep carnival spirit alive. (Photo: Business Wire)
Winn-Dixie teams up with Ochsner Hospital for Children and Zulu Social Aid & Pleasure Club to keep carnival spirit alive. (Photo: Business Wire)
NEW ORLEANS (BUSINESS WIRE) Jan 6, 2021
Today, Winn-Dixie announces the launch of two exclusive partnerships to celebrate the unique culture and special traditions of Mardi Gras as the state faces modified 2021 activations as a precautionary safety measure. Winn-Dixie is partnering with Ochsner Hospital for Children and Zulu Social Aid & Pleasure Club, two diverse local organizations committed to serving the Louisiana community.
Sizzling US stock markets await next leg of record IPO run in 2021
The rush looks set to continue, with an array of companies already preparing for market debuts in the new year
(Bloomberg)
. Updated: 31 Dec 2020, 06:21 PM IST Bloomberg
Around $180 billion was raised from IPOs on US exchanges in 2020, more than double last year’s total
Instead of jetting between cities to meet investors, executives and their advisers have been able pitch to potential shareholders via conference calls
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A booming market for US initial public offerings shows no sign of slowing in 2021.
Around $180 billion was raised from IPOs on US exchanges in 2020, more than double last year’s total and far above the previous high of $102 billion set in 2000, according to data compiled by Bloomberg. Companies have been emboldened by soaring equity values, especially in the second half, while a proliferation of listings by blank-check firms has also boosted volumes.