(Reuters), Jefferson Capital supported by existing stocks and its investors, raised $ 150 million in an initial public offer from the NASDAQ after having assessed its actions at the lower end of the planned range, the firm announced on Wednesday.
Jefferson, based in Minneapolis, Minnesota, sold around 10 million shares, at $ 15 each, because he seeks to capitalize on the favorable market trend for new offers. The company had marketed its actions at a range of $ 15 to $ 17 each.
Founded in 2002, Jefferson buys and manages invoiced debts and bankruptcy debts with operations mainly in the United States, Canada, Latin America and the United Kingdom.
The company, which competes with Pra Group and still Capital Group in its main American market, was acquired by JC Flowers from the FlexPoint Ford buyout company in 2018.
The investment in investment in investment capital JC Flowers will hold about 68.9% after the IPO.
Jefferson will start to negotiate Thursday under the symbol of Ticker “JCAP” on the Nasdaq. Jefferies and Keefe, Bruyette & Woods are the main subscribers of the offer.
A heat sequence on the US stock market IPO has supported solid beginnings of several companies in recent weeks, after a slowdown focused on prices earlier in the year, several companies to postpone or put their flotation plans aside.
(Report by Pritam Biswas and Devika Nair in Bengaluru; edition by Alan Barona and Mrigank Dhaniwala)
