All you need to know about Albertsons´ IPO :: Spread rebate, earn on Forex with FxCash Rebates: Forex strategies, trade Forex, Forex traders and their opinions, spread rebate service

Admirals

up to 40% of spread

Partner ID: 35135 No account transfer

Admiral Markets is a broker that has been around for over 19 years. Since 2009, it has been regulated by one of the most trusted authorities, UK's FCA. When it comes to trading platforms, Admiral Markets offers МТ4 Supreme, an upgraded version of the famous platform, with some unique features added.

June 26, 2020 in 19:10

All you need to know about Albertsons´ IPO

7 things you need to know about Albertsons

1. Albertsons Companies Inc is a US centuries-old grocer with the many iconic supermarket brands in its portfolio

2. Albertsons Companies Inc ticker symbol will be ACI and the expected stock price is between $18-20. Albertsons will make 65.8 million shares of Class A common stock available, raising up to $1.316 billion. Albertsons says its 'Own Brands' currently have 25.4% penetration and the goal is to reach 30%.

3. This IPO will be underwritten by 24 banks; BofA Securities, Goldman Sachs & Co., J.P. Morgan and Citigroup will take the lead.

4. Once the IPO takes place investors would own 73%, should underwriters exercise their option to purchase shares in full.

5.Technology is expected to be the growth driver. The chaos surrounding the Coronavirus pandemic exemplified the importance of online commerce.

6. Albertsons have stated its 'Own Brands' have a 25.4% penetration, which represents sales that amount to over $1 billion a year.

7. The company operates 1,726 pharmacies. Health care consolidation could result in price pressure unless the company comes up with new revenue streams or cost reductions.

News Admirals

All you need to know about Albertsons´ IPO