Southeastern Grocers, the parent company of grocery chain Winn-Dixie, has applied to pull the plug on its planned $142 million IPO some nine months after postponing the deal.
“The company is applying for withdrawal of the registration statement because the company has determined not to pursue the contemplated offering at this time,” Southeastern Grocers said in the Oct. 29 filing.
Once Southeastern Grocers goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy Southeastern Grocers stock.
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