Shares of Albertsons Cos. Inc. /zigman2/quotes/209620932/composite ACI +1.27% began trading on Friday and immediately sank 3% before rising 0.6%. The first trade was at 11:33 a.m. ET for $15.50. The grocer priced last night at $16, below the sought-after $18-20 range. The decades-old company went public at a time when grocery demand is high due to the coronavirus pandemic, and after first filing then pulling a previous IPO. The Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO +4.09% has gained 29.2% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.60% is down 6.1% for the period.