Deals
Savers Value, Kodiak, Fidelis Fail to Hit $1 Billion in IPOs
- Savers Value tops goal while Kodiak Gas and Fidelis fall short
- All three companies set to begin trading Thursday on NYSE
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Three initial public offerings failed to deliver what would have been only the fifth $1 billion week for US listings in more than a year, with two pricing well below the bottom of their marketed ranges.
Savers Value Village Inc., the first of the three IPOs to price Wednesday, increased the size of its offering and exceeded its price target to raise $401 million. The thrift retailer said in a statement that it and its private equity backer sold about 22.3 million shares for $18 each, after marketing 18.75 million shares for $15 to $17.