Southeastern Grocers Launches IPO

Southeastern Grocers, parent of BI-LO, Fresco y Más, Harveys and Winn-Dixie supermarkets, has launched an initial public offering of 8.9 million shares.

The anticipated IPO price is between $14 and $16  per share, the company announced. The company is selling the underwriters a 30-day option to purchase as many as an additional 1.3 million shares of the company’s common stock.

Southeastern Grocers has applied to list the shares of common stock on the New York Stock Exchange under the ticker symbol SEGR. BofA Securities and Goldman Sachs & Co. are joint lead book running managers and representatives of the underwriters for the offering. Deutsche Bank Securities, BMO Capital Markets and Wells Fargo Securities are book-running managers, while Truist Securities is co-manager.

Southeastern Grocers supermarkets, liquor stores and in-store pharmacies serve communities throughout Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina and South Carolina.