Blackhawk Network Holdings, Inc., a majority-owned subsidiary of food and drug retailer Safeway Inc. (SWY) Monday said the estimated price range of the initial public offering of 10 million shares of its Class A common stock, with an additional 1.5 million shares subject to the underwriters' option to purchase additional shares, is $20 to $22 per share. The IPO will consist of solely of shares to be offered by existing stockholders, including Safeway, said the company.
Goldman, Sachs & Co., BofA Merrill Lynch, Citigroup and Deutsche Bank Securities will serve as joint-bookrunning managers, with Goldman, Sachs & Co. serving as the global coordinator for the proposed offering.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.