All you need to know about Albertsons' IPO

3 July, 2020

Albertsons Companies Inc is a US centuries-old grocer with the many iconic supermarket brands in its portfolio. Albertsons Companies Inc ticker symbol is ACI and the expected stock price was between $18-20. Albertsons planned to make 65.8 million shares of Class A common stock available, raising up to $1.316 billion, but actually priced at $16 a share and raised $800 million through the sale of 50 million shares.

This IPO will be underwritten by 24 banks; BofA Securities, Goldman Sachs & Co., J.P. Morgan and Citigroup will take the lead. Once the IPO takes place investors would own 73%, should underwriters exercise their option to purchase shares in full. The most significant shareholders are:

  • Cerberus (private-equity fund) =31.9%
  • Kimco Realty Corp (real-estate investment trusts) = 8%
  • Klaff Realty L.P. (real-estate investment trusts) =11.7%
  • Lubert-Adler Management ( real-estate fund) =11.7%
  • Schottenstein Stores Corp (developer of shopping center) =11.7%

Technology is expected to be the growth driver. The chaos surrounding the Coronavirus pandemic exemplified the importance of online commerce. The company aims to improve technology to increase efficiency at stores and distribution centers and hence, customer service.

Albertsons have stated its 'Own Brands' have a 25.4% penetration, which represents sales that amount to over $1 billion a year. The company operates 1,726 pharmacies. Health care consolidation could result in price pressure unless the company comes up with new revenue streams or cost reductions.

How can you take part in the Albertson's IPO?


We're excited to share that Admiral Markets is adding the shares of the company to our Invest.MT5 account offering! As of June 26, 2020, shares in Albertsons Co Inc. are available for investment to all Admiral Markets clients with Invest.MT5 accounts.

With Invest.MT5, traders can access thousands of shares and ETFs from 15 of the world's largest stock exchanges, all from MetaTrader 5.

Why invest via Invest.MT5?

  • Open an account with just €1 and invest from just $0.01 per share with minimum transaction fees of just $1 on US stocks.
  • Receive free real-time market data, with no delays, at no extra cost.
  • Create a stream of passive income by collecting dividend payouts
  • Use the world-renowned MetaTrader 5 multi-asset class trading platform.

Simply log in to Trader's Room and apply for an Invest.MT5 account to get started.


Source  
Admiral Markets' partners earn even more!17 Aug, 2020  

We are pleased to inform you, that starting from July 1, 2020, our partners began to receive a commission for transactions made on Zero.MT5 accounts...

Admiral Markets podcast announcement13 Jul, 2020  

We are happy to announce that we are launching a new feature for our website, an entirely free, weekly podcast on the week's trading news...

Admiral Markets awarded top marks from Focus Money17 Jun, 2020  

Admiral Markets is excited to share that we have been awarded top marks in all several categories from the esteemed Focus Money magazine!


Admiral Markets adds USDMXN to 40+ Forex pairs15 May, 2020  

You asked, and we delivered - in response to an increasing number of requests, Admiral Markets is expanding its Forex offering to include another new currency pair...

Trade companies valued at $1bn+ with Admiral Markets14 May, 2020  

Admiral Markets is excited to share that as of May 4, 2020, we are expanding our stock and share CFD offering to include a range of US companies with a market capitalisation...

Short selling ban extended in France, Belgium and Spain24 Apr, 2020  

Financial authorities in France, Spain and Belgium have extended the prohibition of short-selling of equiry and index products until May 19th, 2020...


Important Information Regarding Crude Oil CFDs24 Apr, 2020  

Considering the record volatility of crude oil and the occurrence of negative prices on the US oil market, please consider the following changes to trading...

Trade outstanding spreads in outstanding markets23 Apr, 2020  

Trade the DAX30 and Dow Jones (DJI30) CFDs with Admiral Markets, and make the most of these volatile times with our outstanding spreads - just 0.8 points for the DAX30...

Fund Admiral Markets trading account with PayPal14 Apr, 2020  

At Admiral Markets, one of our goals is to create the best possible trading experience and conditions, which includes helping you deposit and withdraw funds via the most convenient methods...

Top 10 Forex Brokers 2020

200+ Forex Brokers
Top 10 Profitable Forex Advisors
The Most Profitable Forex Advisors 2020

Automated trading systems are an opportunity to create passive earnings in the financial markets for all users. Successful and proven strategies are integrated into the algorithm of advisers, which will make it possible to earn on the pricing of assets without delving into the subtleties of technical analysis. We present the Top 10 Forex Advisors including Equilibrium, Excalibur, Night Owl...

Top 10 Forex Advisors 2020

All Forex Advisors
TOP 10 Best Forex Trading Platforms
Best Forex Platforms 2020

A variety of web terminals and specialized software makes a choice of a trading platform a difficult one for a novice trader. What should be this vital decision based on? To begin with, it is necessary to highlight the main criteria that high-quality software must meet for making money on financial markets...

Top 10 Forex Platforms 2020

All Forex Platforms