Federal Trade Commission

US Foods shares close higher after public debut

US Foods, the Rosemont-based food service distributor, is going public after regaining momentum in the wake of its failed merger with Sysco last summer.

The company's shares began trading on the New York Stock Exchange under the symbol "USFD" on Thursday. The shares were initially priced at $23 each, and climbed 8.3 percent to close at $24.91. US Foods Holding Corp., the parent company, intends to raise $1.02 billion in the offering, which is expected to close June 1, "subject to satisfaction of customary closing conditions," the company said.

US Foods first announced its IPO intentions in October, saying it would file for an offering within 12 to 18...