PE-Backed Grocery Outlet Raises IPO Target To $318M
Law360 (June 18, 2019, 9:00 PM EDT) -- Private equity-backed retailer Grocery Outlet Holding Corp. on Tuesday raised funding expectations just ahead of the scheduled pricing of its initial public offering to about $318 million, a potentially bullish sign from the Simpson Thacher-led company.
Emeryville, California-based Grocery Outlet told regulators it plans to offer 17.2 million shares priced between $18 and $19, raising $318 million at midpoint. The new forecast is up from Grocery Outlet's earlier price range of $16 to $18, which would have raised $275 million at midpoint.
Based on the new range, Grocery Outlet stands to raise about 16% more than originally thought. Companies sometimes raise...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!