Savers Value Village falls after secondary offering announced

Savers Value Village

13/05/2025 14:26

** Thrift operator Savers Value Village's SVV.N shares fall 2.6% to $11.01 before the bell

** SVV announces launch of secondary public offering of 15 million shares by certain existing stockholders

** Selling shareholders include alternative investment manager Ares Management ARES.N and SVV CEO Mark Walsh

** Stock closed up 2.4% at $11.30 on Monday

** J.P. Morgan, Jefferies, Goldman Sachs and UBS Investment Bank are the joint book-running managers for the offering

** Concurrently, SVV has authorized the purchase of $20 million worth of shares from the underwriters as part of the offering

** 5 of 8 brokerages rate the stock "buy" or higher and 3 "hold"; median PT $12.50 - data compiled by LSEG

** As of last close, SVV stock up 10.2% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))