Southeastern Grocers postpones IPO

Just after announcing plans for its initial public offering, Southeastern Grocers is putting a temporary stop to the whole thing.

The Jacksonville, Fla.-based retailer announced that for now the process will be postponed and it will continue to evaluate the timing for the offering as market conditions develop.

Southeastern Grocers has also filed a registration statement relating to the proposed scale of these securities that has been filed with the United States Securities and Exchange Commission but is not yet effective.

Currently, the securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective, the company said.