Smart & Final Celebrates IPO on the New York Stock Exchange
NEW YORK, Sept. 24, 2014 /PRNewswire/ -- Smart & Final Stores, Inc. ("Smart & Final" or the "Company"), a value-oriented food and everyday staples retailer for household and business customers, opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol "SFS" following its initial public offering. IMC Financial Markets is the Designated Market Marker for the Company's stock.
Smart & Final Chief Executive Officer David Hirz visited the trading floor, along with his executive leadership team and representatives of majority shareholder Ares Management, to celebrate the first day of trading.
"It is with pride and excitement that we join the New York Stock Exchange today and mark another milestone in Smart & Final's rich history," said Hirz.
Scott Cutler, Executive Vice President & Head of Global Listings, NYSE said, "We are very pleased to welcome Smart & Final to the New York Stock Exchange. One of the longest continuously operated food retailers in the United States and an iconic brand in the markets it serves, Smart & Final is an excellent addition to the NYSE's community of leading companies."
About Smart & Final
Smart & Final is a value-oriented food and everyday staples retailer for household and business customers. The Company is headquartered in Los Angeles, where it was founded 140 years ago, and operates approximately 250 grocery and foodservice stores under the "Smart & Final", "Smart & Final Extra!" and "Cash & Carry Smart Foodservice" banners in California, Oregon, Washington, Arizona, Nevada, Idaho, with an additional 13 stores in northern Mexico operated through a joint venture.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that the Company's current views with respect to, among other things, future events and financial performance. Forward-looking statements can be identified by the use of terminology such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of those words or other comparable words. The forward-looking statements are based on the Company's beliefs, assumptions and expectations of future performance, taking into account all information currently available to the Company. Such forward-looking statements are subject to various risks and uncertainties and assumptions relating to the Company's operations, financial results, financial condition, business prospectus, growth strategy and liquidity. If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, our actual results may vary materially from those indicated in these forward-looking statements. New risks and uncertainties arise over time, and it is not possible for the Company to predict those events or how they may affect it. Therefore, you should not place undue reliance on these forward-looking statements. The Company does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
SOURCE Smart & Final Stores, Inc.