Jefferson Capital, existing shareholders increase $ 150 million in US IPO

(Reuters) – Assign a capital-supported Jefferson Capital and existing investors won $ 150 million in a NASDAP after assessing the price of shares in the lower end of the projected range.

Minneapolis, Minnesota-based Jefferson, about $ 10 million, $ 10 million, $ 15 million, because it seems to capitalize the affordable market trend for fresh victims. The company sold its shares to $ 15 to $ 17 each.

Jefferson, founded in 2002, mainly receives and manages accusations and bankruptcy receivables in the United States, Canada, Latin America and England.

The company, which collaborated with the Pra Group and Kapital Group, was obtained from Frechoint Ford from Frechoint Ford in 2018 by JC Flowers.

Special Capital Investment Company JC flowers will make up about 68.9% of this post-IPO.

Jefferson will start trading under the Nasdaq on Thursday under the symbol of the “JCAP” ticker. Jefferies and Keefe, Brueteette & Woods are leading underwriters for victim.

A hot stripe in the United States in the IPO market, supported several companies in recent weeks, after slowing the tariff-managed tariffs earlier this year, several companies have delayed or sheles.

(Report in Pritam Biswas and Devika NAIR-in Bengaluru; Regulation by Barona and Mrigank Dhaniwala)