Smart & Final Prices IPO

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Commerce warehouse retailer Smart & Final Stores Inc. raised about $161 million Wednesday through the public sale of nearly 13.5 million shares, the Los Angeles Times reports. Shares priced at $12, the low end of the company’s target range, and closed their first day of trading at $12.01. In midday trading Thursday, shares had risen 4 percent to $12.51.

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