Albertsons, backed by buyout firm Cerberus Capital Management LP, was hoping to raise as much as $2 billion with its IPO on Wednesday, but a disappointing Wal-Mart Stores Inc (WMT.N) outlook weighed on investor sentiment and drove Albertsons peer Kroger Co's (KR.N) shares down 3 percent on the day.
owned_by: Albertsons, Cerberus Capital Management; parent_organization: Albertsons, Cerberus Capital Management