Albertsons Cos. priced its initial public offering below expectations and its existing shareholders sold fewer shares than planned, marking a stumble for the IPO market after it had been revived by a string of strong offerings. Albertsons’ IPO priced at $16 a share, according to people familiar with the matter, and raised $800 million through the sale of 50 million shares. It had planned for existing shareholders to sell 65.8 million shares at $18 to $20 a share, according to a regulatory filing.

Source: Wall Street Journal June 25, 2020 21:12 UTC