84.4 F
Fort Worth
Monday, April 12, 2021

Fort Worth financial firm is sole IPO next week

NEW YORK (AP) The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.

Week of January 18:

Elevate Credit – Fort Worth, 3.6 million shares, priced $20 to $22, managed by UBS, Jefferies, and Stifel. Proposed NYSE symbol ELVT. Business: Provider of loans and lines of credits to non-prime consumers.

In an SEC filing, Elevate Credit said it expects to raise $76 million in the IPO. In the last year, Elevate Credit generated approximately $434 million in revenue and reported a net loss of $19.5 million. The market cap for the company is $638.4 million.

Elevate was founded in 2014 as a spinoff of Think Finance. Its backers include Silicon Valley venture capital firms including Sequoia Capital and Technology Crossover Ventures.


Get our email updates

Related Articles

Our Digital Sponsors

Stay Connected


Join Our Newsletter

Latest Articles