US-based supermarket chain Roundy’s filed with the US Securities & Exchanges Commission on Monday for an initial public offering (IPO), set to raise up to $230m.
Founded in 1872, Roundy’s was acquired and taken private by private equity firm Willis Stein & Partners in 2002. Roundy’s currently operates 158 grocery stores across the American Midwest area, and plans to use the proceeds from the IPO to repay money owed from outstanding loans worth $839m.
Additional shareholders in Roundy’s owning…
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