(Bloomberg) — Southeastern Grocers Inc., the owner of the Winn-Dixie and Fresco supermarket chains that emerged from bankruptcy two years ago, has filed for an initial public offering.
The Jacksonville, Florida-based grocer in its filing with the U.S. Securities and Exchange Commission listed an offer size of $100 million, a placeholder that will likely change. Existing investors will be selling some of their shares, according to the prospectus.
Southeastern Grocers’ listing would follow that by supermarket owner Albertsons Cos., which raised $800 million in a downsized IPO in June. The value of Albertsons, backed by private equity firm Cerberus Capital Management, has fallen 10% since then.