(Reuters) -Jefferson Capital, supported by equity, and his current investors $ 150 million in NASDAQ's initial public offer after pricing his shares at the lower end of the projected range, the company said in a statement on Wednesday.
Minneapolis, Jefferson of Minnesota sold about 10 million shares, at $ 15 each, as he tried to take advantage of the favorable market trend for fresh offerings. The company had marketed its shares at a range of $ 15 to $ 17 each.
Founded in 2002, it manages and manages accused and bankruptcy receivables mainly in the US, Canada, Latin and UK American operations.
The company, which competes with Pra Group and Encore Capital Group in its US core market, was found by JC Flowers from the Purchase Out Ford company in 2018.
Private Equity Investment Company JC Flowers will own approximately 68.9% of it after-IPO.
Jefferson will start trading on Thursday under the “JCAP” Ticker symbol on the NASDAQ. Jefferies and Keefe, Bruyette & Woods are the main subscribers for the offering.
A hot streak at the US IPO Market has supported strong appearances by several companies in recent weeks, after a slow -driven tariff earlier in the year forced several companies to postpone or shelf their float plans.
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