North America’s second largest supermarket business, Albertsons, has filed for an IPO after reporting more than US$58 billion in 2014 sales.

The announcement follows a merger earlier this year with rival Safeway which created a 2200-strong chain of supermarkets in 33 US states.

The public offer documentation cites a $100 million goal but that figure is considered a “placeholder” for filing purposes. The merger of the two supermarket groups was valued at $9.4 billion at the time, so the real target will depend on the percentage of stock on offer.

Albertson’s is owned by a consortium of private equity and real estate companies led by Cerberus Capital Management back in 2006.

Albertsons reported a loss of $385 million in its pro forma 2014 results, which included Safeway’s figures and costs associated with the merger. It is reportedly carrying $12 billion in debt.

Goldman Sachs  is listed on the IPO filing as the lead underwriter, along with four banks.