UK Markets open in 21 mins

Grocery Outlet's stock debuts with a big rally

Tomi Kilgore

Shares of Grocery Outlet Holding Corp. debuted with a big rally, as they opened 41% above the initial public offering price of $22. The first trade was at $36.00 at 11:45 a.m. Eastern, and has pared some gains to trade recently at $30.70. The IPO had priced late Wednesday well above the expected range