A regulatory filing showed Southeastern Grocers would be filing for an initial public offering (IPO) to raise up to USD 500 million. The amount was simply a placeholder for the computation of fees and could change, according to Bloomberg.

Southeastern Grocers is a food store chain owned by Lone Star Funds. Lone Star Funds was established by Chairman John Grayken. Last year, the grocery chain posted USD 8.6 billion in sales. Southeastern operates in 685 locations in states like Alabama, Georgia, Louisiana and Mississippi. Some of its banner stores include Winn-Dixie and Bi-Lo.

The filing also revealed that Chairman John Grayken held a 100% stake in the stock of Lone Star Funds. However, the company did not specify how many shares would be offered by the company.

Yesterday, Lone Star Founder John Grayken invested USD 330 million of his own personal funds to the fund's commercial real estate fund. The real estate fund was valued at USD 6.6 billion.