Blackhawk Network Holdings, Inc., a majority-owned subsidiary of Safeway Inc. (SWY), said Monday that it has filed a registration statement with the Securities and Exchange Commission for an initial public offering of Blackhawk's Class A common stock.
The IPO will consist solely of shares to be offered by existing shareholders, including Safeway Inc.
The number of shares to be offered and the price range for the offering have not yet been determined.
Goldman, Sachs & Co., BofA Merrill Lynch, Citigroup and Deutsche Bank Securities Inc. will serve as joint-bookrunning managers, with Goldman, Sachs & Co. serving as the global coordinator for the proposed offering. Barclays, BMO Capital Markets, Credit Suisse, Piper Jaffray, Raymond James and Wells Fargo Securities will serve as co-managers for the proposed offering.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.