Grocery-chain operator Albertsons Cos. kicked off its IPO roadshow Thursday, setting itself up to be the next notable company to tap a warming market for new issues. The initial public offering would give Albertsons a more-than-$10 billion valuation if its stock prices at the midpoint of its $18-to-$20 target range, according to a person familiar with the matter. The company’s stock is likely to begin trading publicly late next week, according to people familiar with the matter.

Source: Wall Street Journal June 18, 2020 21:15 UTC