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Save Foods Priced, Nasdaq: SVFD

Develops products to improve the food safety and shelf life of fresh produce.

Industry: Materials

Latest Trade: $1.10 -0.31 (-22.0%)

First Day Return: -2.3%

Return from IPO: -87.2%

Industry: Materials

We develop eco-friendly “green” solutions for the food industry. Our solutions are developed to improve the food safety and shelf life of fresh produce. We do this by controlling human and plant pathogens, thereby reducing spoilage, and in turn, reducing food loss. Our products are based on a proprietary blend of food acids which have a synergistic effect when combined with certain types of oxidizing agent-based sanitizers and fungicides at low concentrations. Our “green” products are capable of cleaning, sanitizing and controlling pathogens on fresh produce with the goal of making them safer for human consumption and extending their shelf life by reducing their decay. One of the main advantages of our products is that our active ingredients do not leave any toxicological residues on the fresh produce we treat. In contrary, by forming a temporary protective shield around the fresh produce we treat, our products make it difficult for pathogens to develop and potentially provide protection which also reduces cross-contamination. We have a unique opportunity to make a positive difference throughout the food value chain from field to fork and address two of the major’s challenges in the food industry today -- safety and waste.
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IPO Data
IPO File Date 03/16/2021
Offer Price $11.00
Price Range $10.00 - $12.00
Offer Shares (mm) 1.1
Deal Size ($mm) $12
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 05/13/2021
Offer Price $11.00
Price Range $10.00 - $12.00
Offer Shares (mm) 1.1
Deal Size ($mm) $12
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
ThinkEquity
Company Data
Headquarters Alonim, Israel
Founded 2004
Employees 6
Website www.savefoods.co

Save Foods (SVFD) Performance