Roundy’s Still Plans IPO

Roundy’s is still planning to come public.  The company’s updated SEC filing shows a sale of up to $230 million in common stock from the company and from existing holders.  No price terms have been set and Roundy’s has no expected ticker and an exchange has not been designated. Credit Suisse and J.P. Morgan ar ethe two listed underwriters.

Roundy’s parent company owns and operates grocery stores in the Minnesota, Wisconsin, and Illinois footprints under the brands Pick’nSave, Copps, Mariano’s Fresh Market, Rainbow, and Metro Market. Shortly before the initial public offering, Roundy’s Parent Company, Inc. will change its name to Roundy’s, Inc.

For the first nine-months of each year, sales grew from $2.818 billion in 2010 versus $2.873 billion in the same period in 2011.  The company’s total assets as of October 1, 20-11 are listed as $1.531 billion and its total debt and capital lease obligations were $876.1 million.  Total shareholder equity was listed as being $192 million.

Another regional grocery chain is coming public.  The question is whether or not the company will go from a regional to national story.