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Regional Food Retailer SOUTHEASTERN GROCERS Set Terms For $134 Million US IPO

Esther Thin

Southeastern Grocers Inc, a regional food retailer, has filed Amendment No 4 to Form S-1 Registration Statement January 21, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.

The company plans to raise $134 million by offering 8.9 million shares at a price range of $14 to $16. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $725 million.

The company is a regional food retailer operate with a long-standing history in the Southeastern United States. They operate 420 stores under the "Winn-Dixie," "Harveys" and "Fresco y Más" supermarket banners.

The Jacksonville, Florida-based company traces its roots to 1924 and booked $9.0 billion in revenue for the 12 months ended June 30, 2020. It plans to list on the NYSE under the symbol ‘SEGR.’ BofA Securities, Goldman Sachs, Deutsche Bank, BMO Capital Markets, Truist Securities and Wells Fargo Securities are underwriters of the IPO.

The company engages Weil, Gotshal & Manges LLP as US Securities Counsel, and Deloitte & Touche LLP as Independent Auditor.

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