Albertsons Cos Inc, the No.2 American supermarket company, said it trusted its initial public offering would raise $1.7 billion, a yearning focus during a period of increasing industry competition and vulnerability in global capital markets. The determination of Albertsons’ majority proprietor, private equity firm Cerberus Capital Management LP, to complete the IPO regardless of market unpredictability underscores certainty that it can get a high valuation. Albertsons said on Friday that it anticipated that would price 65.3 million shares at in the middle of $23 and $26 every, esteeming ...