Roundy’s Reveals Pricing of its Initial Public Offering


Mon. February 13th, 2012 - by Whit Grebitus

<p><strong>MILWAUKEE, WI</strong> - Roundy’s, Inc. has revealed the pricing of its initial public offering of 19,181,818 shares of common stock at a price of $8.50 per share, according to a recent press release. As of February 8, 2012 the "RNDY" shares are being listed and traded on the New York Stock Exchange. The company is offering 14,705,883 shares of common stock, as for common stock, selling stockholders are offering 4,475,935 shares. Also, under the offering, underwriters have a thirty-day option to buy up to an additional 2,877,273 shares from the selling stockholders to cover over-allotments. Proceeds from the sale of shares by selling stockholders, will not be received by Roundy's.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> As for proceeds the company will receive, the press release states, "Roundy’s expects to receive proceeds, net of underwriters’ discount and commissions and estimated offering expenses payable by Roundy’s, of approximately $111.15 million from the offering. Roundy’s intends to use the net proceeds, together with borrowings under its new senior credit facility, to repay all of its outstanding borrowings and other amounts owed under its existing credit facilities."<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> To kick off the initial public offering, Chairman and Chief Executive Officer of Roundy's, Robert A. Mariano with other senior executives of the Company, rang the opening bell at the New York Stock Exchange on Friday, February 10, 2012.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Mr. Mariano, states, "We are honored to participate in the NYSE opening bell ceremony and look forward to the opportunity to showcase the hard work of our associates and employees throughout the entire company." He continues, "We believe our successful IPO and NYSE listing will help Roundy’s increase exposure with the investment community and further enhance shareholder value as we further communicate our long-term strategic initiatives."</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>www.roundys.com</p><hr class="legacyRuler"><hr class="invisible minimal-padding">