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Commerce-based Smart & Final Stores Inc. announced that its initial public offering of 13.45 million shares of stock was priced at $12 per share, raising about $161 million Wednesday.
The stock trades on the New York Stock Exchange under the symbol SFS.
Smart & Final granted the underwriters an option to buy an additional 2.02 million shares, with the offering expected to close on Monday, according to warehouse-style grocery store.
Credit Suisse and Morgan Stanley are acting as joint book-running managers and representatives of the underwriting group. Deutsche Bank Securities, Barclays, Citigroup, Piper Jaffray and Guggenheim Securities also are book-running managers for the offering.
— Staff and wire reports