Feb 7 (Reuters) – Roundy’s Parent Co Inc. sold more shares than expected in its initial public but at a price that was below the expected range, according to an underwriter.
The U.S. supermarket chain operator sold 19.2 million shares at $8.50 each, an underwriter told Reuters. Roundy’s had expected to sell 18.2 million shares at between $10 and $12 per share.
The IPO raised $163 million in proceeds, and at the IPO price, the company will be valued at about $353 million.
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