(Reuters) – Private equity owned Roundy’s Parent Co Inc filed for a $230 million initial public offering with U.S. regulators on Monday, taking advantage of the thaw in the U.S. IPO market.

Stock market volatility in the wake of the Euro zone debt crisis and fears of a U.S. recession has slowed down IPO activity, but the successful debut of group discount site Groupon (GRPN.O) is luring companies back into the market.

Roundy’s, which operates about 158 grocery stores under the Pick ‘n Save, Rainbow, Copps, Metro Market and Mariano’s Fresh Market retail banners, said it plans to use the proceeds from the offering to pare down debts of over $800 million.

via Roundy’s files for IPO of up to $230 million | Reuters.