Smart & Final raised more than $161 million in its IPO, pricing about 13.5 million shares at $12, the bottom of its expected range. Backed by Ares in late 2012, the nearly 140-year-old food retailer is trading on the NYSE under the symbol SFS. Focused on expansion, the company has 250 warehouse-style stores in the western U.S. and 13 more in northwestern Mexico in a joint venture; it closed trading Thursday at $12.40. Smart & Final had sales growth of 6.3% for 2Q 2014, up from 4.2% in 1Q. Ares’ pre-IPO stake of roughly 95.6% was diluted to about 77.5%.