Grocery Outlet Holding Corp.
GO and WORK: Grocery Holdings and Slack Sizzle on Public Debuts
While all eyes are on the Slack (WORK) IPO today, another public market debut is also having a good first day out there. Deep-discount retail Grocery Outlet Holding (GO) opened at $28 today, 27% up from its list price of $22. The opening price translated to a valuation of $2.4 billion for the company.
Grocery Outlet’s IPO: Extreme Value Retailer Raises $378 Million
Extreme value retailer Grocery Outlet Holding (GO) announced on June 19 that it had priced its IPO at $22 per share, well above its target price range of $18–$19. Initially, the company had planned to sell its shares in the range of $15–$17.