Company Overview

SVV banners collectively operate as the largest for-profit thrift operator in the United States and Canada in terms of store count. With a workforce of more than 22,000 individuals, we manage a total of 317 stores. Our objective is to revolutionize the secondhand shopping experience by offering unique and affordable merchandise, including high-quality clothing and home goods, within a thrilling treasure-hunt retail setting.

Initial Public Offering

The company had launched its IPO on June 29^th, 2023, under the ticker SVV and had sold approximately 18,750,000 shares at USD 16/share. We had covered this IPO in our ‘Kalkine IPO Report’ on June 26, 2023, and had concluded that this IPO was “Attractive” given its financial performance of the company, increased revenue and net income, industry analysis, use of proceeds, and associated risks.

 Conclusion

Investors who have invested into this IPO can consider ‘Exiting’ from their position at the current price of USD 24.79 as on July 25^th, 2023, given:

• Decent gains: The stock has moved up more than ~54.94% from its IPO offering price of USD 16.00 per share.
• Interest rate Risk: SVV is prone to market fluctuations in all the capital markets that the company invests its investments in as the previous year has been a downward trending year for both fixed income and equity markets. Ongoing recession fear in the global market could keep the capital market and money marker quite volatile near-term.
  

*The reference data in this report has been partly sourced from Refinitiv.

Disclaimer

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