Roundy's chain plans on making public stock offering
MILWAUKEE - Wisconsin's largest supermarket chain is going public. Roundy's said today it plans to raise $230-million dollars in an initial public stock offering.
Roundy's is now privately-owned by the Chicago equity firm of Willis Stein and Partners. It told the U.S. Securities-and-Exchange Commission that part of its stock will be sold by Roundy's itself, and part by its current stock-holders. The numbers of shares to be offered has not been determined, and the price has not been set.
Roundy's operates 158 Pick 'N' Save, Copps, Rainbow, Metro Market, and Mariano's Fresh Markets in Wisconsin, Illinois, and Minnesota. The firm has almost 18,000 employees. It made $46-million last year with revenues of almost three-point-eight billion dollars.