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Winn-Dixie operator Southeastern Grocers pulls IPO -source

·1 min read

NEW YORK, Jan 28 (Reuters) - Southeastern Grocers Inc , the operator of U.S. supermarket chains Winn-Dixie and Harveys, has decided to cancel its planned initial public offering on Thursday due to a lack of demand at the price range the company was targeting, a person familiar with the matter said.

Jacksonville, Florida-based Southeastern Grocers had aimed to sell 8.9 million shares at a target price range of $14-$16 per share, raising up to $142.4 million for the company.

Southeastern Grocers did not respond to a request for comment. The source requested anonymity as the decision was not yet public. (Reporting by Joshua Franklin in Miami and Chibuike Oguh in New York; Editing by Leslie Adler)