August 17 2007
VALUE PAWN & JEWELRY: PAWN SHOP PARENT TO GO PUBLIC
Pawn shop parent to go public
Orlando Business Journal - August 17, 2007
Staff Writer
MAITLAND -- Value Financial Services Inc., which operates the Value Pawn & Jewelry and Check Jewelry & Loan chains, plans to go public.
The Maitland-based company filed a registration statement with the U.S. Securities & Exchange Commission on Aug. 13 to make an initial public offering. It has not yet determined how many shares will be offered, nor has the price been determined, says Chief Financial Officer Woody Whitcomb.
Value Financial reported $92 million in revenue for the fiscal year that ended March 31, up 21.3 percent from a year ago. San Francisco-based JMP Securities LLC is the adviser on the IPO.
Value Financial CEO John Thedford says that going public has always been a company goal. Thedford founded Value Financial in 1994 with a single store in West Palm Beach, which has since grown to 62 stores in Florida, Georgia and Tennessee.
Anjali Fluker can be reached at (407) 241-2910 or via e-mail at afluker@bizjournals.com.
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