Today’s IPO for Savers Value Village, Inc. (SVV) opened for trading at $24.77 after pricing of its upsized initial public offering of 22,291,666 shares of its common stock at $18.00 per share, of which 18,750,000 shares are being offered by the Company and 3,541,666 are being offered by funds managed by the Private Equity Group of Ares Management Corporation.
SVV is the largest for-profit thrift operator in the United States and Canada for value priced pre-owned clothing, accessories and household goods, our mission is to champion reuse and inspire a future where secondhand is second nature.