Blackhawk Network Holdings, Inc., a majority owned subsidiary of Safeway Inc. (SWY), said Thursday that it has priced its initial public offering of 10 million shares of Class A common stock at $23.00 per share, which is above its previously estimated range of $20 to $22 per share.
The shares are expected to begin trading on the NASDAQ Global Select Market on Friday, April 19 under the ticker symbol "HAWK."
The offering consists solely of shares offered by existing stockholders, including Safeway Inc. In addition, certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1.5 million shares of Class A common stock at the initial public offering price.
The selling stockholders will receive all of the net proceeds from the offering.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.