Albertsons Cos. is preparing to go public again, said people familiar with the matter, as the grocery giant’s backers look to tap into a strong stock market to cash out of an investment that dates back nearly 15 years.

The company, which also owns the Safeway and Jewel-Osco chains, expects to decide in coming weeks whether to proceed with an initial public offering that could value it around $19 billion, one of the people said. Albertsons has been updating IPO documents that have been filed confidentially with the Securities…

Read More