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The parent company of Milwaukee-based Roundy’s Supermarkets Inc., has registered with the U.S. Securities and Exchange Commission for an initial public offering of shares of its common stock, which the company expects will raise $230 million.
A portion of the shares will be issued and sold by Roundy’s and a portion will be sold by certain stockholders of Roundy’s, according to a company press release. The number of shares to be offered and the price range for the offering have not yet been determined.
Founded in Milwaukee in 1872, Roundy’s generates $4 billion in annual sales and employs more than 17,000 people. The company operates 158 retail grocery stores and 97 pharmacies under the Pick ’n Save, Copps, Rainbow, Metro Market and Mariano’s Fresh Market banners in Wisconsin, Minnesota and Illinois. Roundy's is currently owned by Chicago-based private equity firm Willis Stein & Partners.