The IPOX® Watch - Grocery Outlet Holding Corp
Grocery Outlet Holding Corp
(GO US)
Company Description
Founded in 1946, Grocery Outlet Holding Corp is discounted name-brand consumables and fresh products retailer, headquartered in Emeryville, CA. The company, backed by Hellman & Friedman, offers a rotation of curated opportunistic products, everyday staples across grocery, produce, alcohol and beverage, general merchandise and health and beauty care products at attractive pricing through a network of independently operated stores.
IPO History
On 06/20/2019, Grocery Outlet Holding Corp began trading on the Nasdaq Global Select Market led by BofA Merrill Lynch. The off-priced grocery retailer offered 17,187,500 shares at $22.00 per share, above its elevated expected price range ($18 - $19). Grocery Outlet was valued at ca. $1.89 billion at offer. The shares opened at $31.00 and closed the first day at $28.51 (▲29.59%).
Grocery Outlet Holding Corp was included in the IPOX® 100 U.S. Index (ETF: FPX US, FPX LN) on 03/23/2020, and currently weighs ca. 0.75% of the portfolio.
Historical Performance
Since IPOX® 100 U.S inclusion:
+38.67%
YTD Performance
+54.31%
