This replaces an earlier item that reported the incorrect timing of the company’s results. It has been correctedSavers Value Village Inc. SVV has set terms for its initial public offering, in which the Bellevue, Wash.-based thrift store operator is looking to raise up to $318.8 million and be valued at up to $2.73 billion. The company said it will offer 18.75 million shares for sale in the IPO, which is expected to price between $15 and $17 a share. The terms come about 18 months after the company’s original S-1 IPO filing. The stock is expected to list on the New York Stock Exchange (NYSE) under the ticker symbol “SVV.” J.P. Morgan, Jefferies, Goldman Sachs and UBS Investment Bank are the lead underwriters. For fiscal 2022, the company recorded net income of $84.7 million on revenue of $1.44 billion, up from $83.4 million in net income and of $1.20 million the year before. The company is among a few companies that set IPO terms Tuesday, including Kodiak Gas Services Inc. KGS and insurer Fidelis Insurance Holdings Ltd. FIHL. The company are looking to go public at a time of heavy relative interest in the group, as strength in the broader market drive investors toward more risky markets. The Renaissance IPO exchange-traded fund IPO has run up 29.6% year to date, while the S&P 500 SPX has tacked on 14.4%.
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