RIYADH: US-based salad chain Sweetgreen raised $364 million in its initial public offering priced above a marketed range, Bloomberg reported.

The chain sold 13 million shares for $28 each, and marketed 12.5 million of the shares from $23 to $25, according to a statement.

The market value of the company is almost $3 billion based on the outstanding shares listed in its filings with the US.