The privately held operator of Pick ‘n Save and other supermarkets chains, which had tried to find a buyer in recent years, is now planning to become a publicly traded company through a stock sale valued at $230 million.
Roundy’s Parent Co., which also operates the Copps and Rainbow supermarket chains, has created a preliminary prospectus outlining plans for an initial public offering, according to documents filed Monday with the U.S. Securities and Exchange Commission.
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