Oct 19 (Reuters) - Southeastern Grocers Inc, the
Florida-based operator of supermarket chains Winn-Dixie and
Bi-Lo, on Monday made its filing for an initial public offering
public, more than two years after it filed for Chapter 11
Last month, the company had confidentially filed with the
Securities and Exchange Commission for an IPO.
The offering comes amid a massive rebound in U.S. capital
markets, which came to a halt earlier this year due to
uncertainty around the COVID-19 crisis. Grocers are also
benefiting from consumers shopping for essentials as they stay
at home during the pandemic.
The company's bankruptcy https://fr.reuters.com/article/us-southeastern-grocers-bankruptcy-idUKKBN1H30OQ
in March 2018 came as margins of supermarkets were hurt by
growing competition from big-box stores, including Walmart Inc
, and online giants such as Amazon.com Inc.
Southeastern Grocers intends to list its stock on the New
York Stock Exchange under the symbol "SEGR", it said in a
regulatory filing https://www.sec.gov/Archives/edgar/data/1587205/000104746920005232/a2242541zs-1.htm.
BofA Securities and Goldman Sachs & Co are the lead
underwriters of the IPO.
(Reporting by C Nivedita in Bengaluru; Editing by Maju Samuel)