Boise-based Albertsons hopes to raise $1.84 billion from investors in a forthcoming stock offering, according to a Securities and Exchange Commission filing Friday.
Albertsons is the second-largest grocery chain in the U.S.
The company notified securities regulators in July that it planned to go to market with an initial public offering of stock.
Analysts have told the Statesman that Albertsons is a solid financial performer and, following its acquisition of Safeway, a large and formidable competitor in the grocery industry. But it carries a large amount of debt — about $13 billion as of February. Albertsons says it will use a portion of the IPO proceeds to pay down that debt.