BELLEVUE, Wash.–(BUSINESS WIRE)–Savers Value Village, Inc. (“Savers Value Village™”) today announced the launch of its initial public offering of 18,750,000 shares of its common stock. The initial public offering price is expected to be between $15.00 and $17.00 per share. As part of the offering, Ares Management Corporation expects to grant to the underwriters a 30-day option to purchase up to an additional 2,812,500 shares of common stock at the initial public offering price, less underwriting discounts and commissions. Savers Value Village™ has applied to list its common stock on the New York Stock Exchange under the symbol “SVV.”
J.P. Morgan, Jefferies, Goldman Sachs & Co. LLC and UBS Investment Bank are acting as lead book-running managers and as representatives of the underwriters for the proposed offering. Baird, CIBC Capital Markets, Guggenheim Securities and Piper Sandler are acting as book-running managers. B. Riley Securities, KKR Capital Markets LLC, Academy Securities, AmeriVet Securities, Ramirez & Co., Inc., Blaylock Van and Siebert Williams Shank are acting as co-managers for the proposed offering.
The proposed offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the proposed offering may be obtained by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204 or by email at prospectuseq_fi@jpmorganchase.com; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by telephone at (877) 821-7388 or by email at Prospectus_Department@Jefferies.com; Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, facsimile at (212) 902-9316 or by email at Prospectus-ny@ny.email.gs.com; and UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019 or by email at ol-prospectus-request@ubs.com.
A registration statement on Form S-1 relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.
About the Savers Value Village™ family of thrift stores
As 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.
Contacts
Media
Edelman Smithfield | 713.299.4115 | Savers@edelman.com
Savers | 206.228.2261 | sgaugl@savers.com
Investor Relations
ICR | 203.682.4810 | john.rouleau@icrinc.com
