Albertsons Cos Inc, the second largest grocery chain in the United States, expects its IPO to be priced between $23- $26 per share, giving the firm a valuation of up to $12.35 billion. Cerberus Capital Management LP will continue with the IPO regardless of volatile stock markets, accentuating the private equity firm’s confidence that it will bring in a higher valuation for Albertsons. Alberstsons plans to sell 65.3 million shares in the IPO and expects to raise $1.7 billion, according to a regulatory filing. Cerberus acquired Safeway and merged it with Albertsons, creating a firm with over 2,200 stores. The deal closed in January of 2015. Citigroup, Morgan Stanley, Goldman Sachs, Merrill Lynch and Pierce, Fenner & Smith are the underwriters for the IPO. The firm will be listed on the NYSE under the symbol “ABS”.