Intriguing IPOs: Savers Value Village (SVV)

The thrift shop retailer hopes investors will find its stock is as much of a bargain as its shopping experience.

Curiosity, Gerard ter Borch the Younger, circa 1660-1662, oil on canvas (Metropolitan Museum of Art)

Skimming through pre-IPO investor prospectuses is the finance and investing equivalent of the comics section. Some of the companies coming to market range from laughably atrocious to blatant fraud.

The first one I picked up this week – Opti-Harvest—stated in the first three sentences that its founder was the defendant in three separate SEC complaints related to securities fraud, money laundering, and making unregistered securities offerings under the name of a deceased former stockholder.

I moved on after “using dead people to sell unregistered securities”.

Like all the existing publicly-traded companies, there are a few worth keeping an eye on. Finding them, though, is very much like the shopping experience at thrift shop retailer Saver’s Value Village (NYSE: SVV). It takes a lot of digging.

Here’s why Savers is interesting enough to keep an eye on.

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