HomeGrocer IPO Detailed

HomeGrocer.com Inc. provided new estimates on the size of its initial public offering, saying it will sell 22 million common shares at $10 to $12 each. The Kirkland, Wash.-based online grocer’s stock sale could raise as much as $264 million before expenses if shares sell at the top of that range, or as much as $226.1 million after costs. In its initial filing for the IPO in December, HomeGrocer.com estimated that the sale would raise as much as $250 million. The company said it would use the proceeds to fund its expansion and provide working capital.