Savers Value Village Reports Pricing Of Its Upsized IPO Of 22.29M Shares Of Its Common Stock At $18.00 Per Share
Portfolio Pulse from Benzinga Newsdesk
Savers Value Village has priced its upsized IPO of 22.29 million shares at $18.00 per share. The company is offering about 18.75 million shares, while 3.54 million are being offered by funds managed by Ares Management Corporation's Private Equity Group. The shares are expected to start trading on the NYSE under the symbol 'SVV' on June 29, 2023.
June 28, 2023 | 9:14 pm
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POSITIVE IMPACT
Savers Value Village's IPO pricing at $18.00 per share could attract investors, potentially leading to a positive short-term impact on its stock price.
The pricing of an IPO can significantly impact a company's stock in the short term. If the price is attractive to investors, it can lead to increased demand and a potential rise in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Ares Management Corporation's Private Equity Group is offering 3.54 million shares in Savers Value Village's IPO, which could impact ARES's short-term financial performance.
Ares Management Corporation's involvement in the IPO could impact its short-term financial performance. However, the extent of this impact is uncertain and depends on the success of the IPO.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50