Grocery Outlet files for IPO

Grocery Outlet Holding Corp. has filed for an initial public offering, according to a Monday filing.

The Emeryville, Calif.-based discount grocer filed to sell $100 million in shares, although that figure is often a placeholder used to calculate filing fees.

The company’s sales grew to $2.3 billion in 2018 from $2.1 billion in 2017, according to the filing. Per-share profit reached 32 cents a share last year compared with 42 cents a share in 2017.

To read the rest of the story, please go to: MarketWatch