Deals
Savers Value Village Climbs After IPO While Kodiak and Fidelis Falter in Debuts
- Savers Value climbs after IPO while Kodiak and Fidelis fall
- E&Y adviser sees demand for new issues ‘but not at any price’
A trader looks at computer screens for the stock market index.
Photographer: Thomas Lohnes/Getty ImagesThis article is for subscribers only.
Savers Value Village Inc. gained 27% in its trading debut, making its $401 million initial public the lone bright spot in a key test of the US market that delivered otherwise disappointing results.
Two companies that debuted Thursday, Kodiak Gas Services Inc. and Fidelis Insurance Holdings Ltd., first stumbled out of the IPO gate and then lost value on their first day on the New York Stock Exchange.