June 18, 2020 / 8:36 PM / 22 days ago

U.S. grocery retailer Albertsons expects IPO to raise up to $1.51 bln

June 18 (Reuters) - U.S. grocery retailer Albertsons Cos Inc said on Thursday it is targeting to raise up to $1.51 billion in an initial public offering.

The company said certain selling stockholders are offering 75.7 million shares at a price range of $18-$20. (Reporting by Bharath Manjesh in Bengaluru; Editing by Maju Samuel)

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