PLEASANTON, Calif. — Safeway has raised around $230 million from the sale of shares in its Blackhawk Network gift card subsidiary. Blackhawk’s initial public offering opened Friday at $23 per share on the Nasdaq exchange. Safeway, which will remain the majority owner of Blackhawk, previously had anticipated a $21 per-share price. Shares early Friday were up by more than 10%. Suggested Categories More from ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.