US-based grocery chain Roundy’s raised $163m from its initial public offering (IPO) when it floated on Wednesday, selling 19.2 million shares at the price of $8.50 per share.
The shares were priced below the range of $10-$12 set by Roundy’s last month while a million extra shares were offered in the flotation. Shares finished slightly up, on $9.00 after the first day’s trading.
Of the $163m figure, about $35m will go to shareholders, the largest being private equity firm Willis…
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