Food retailer Smart & Final expects IPO to be priced at $12-$14/share

Written By Unknown on Kamis, 11 September 2014 | 18.12

Sept 11 Thu Sep 11, 2014 6:27am EDT

Sept 11 (Reuters) - Food retailer Smart & Final Stores Inc, backed by private equity firm Ares Management LP, expects its initial public offering of common stock to be priced between $12 and $14 per share.

At the top end of the expected price range, the IPO is likely to raise about $188 million. (1.usa.gov/YzteJX)

The company would be valued at about $995 million at the top end of the price range. (Reporting by Avik Das in Bangalore; Editing by Maju Samuel)


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