Albertsons falters in debut as $800 million IPO disappoints

By Crystal Tse and Matthew Boyle, Bloomberg
Albertsons Cos. emerged from 14 years of private ownership by Cerberus Capital Management with a whimper Friday, as its shares failed to take off after a shrunken initial public offering.
The stock opened in New York at $15.50, each having priced at $16, below the targeted price range of $18 to $20. Private equity firm Cerberus and other backers of the supermarket chain sold just 50 million shares to raise $800 million, having earlier offered 65.8 mill