Jefferson Capital Rises 27% After Bottom-Priced $150 Million IPO
Jefferson Capital Inc. shares rose as much as 27% in its public debut after the company and some of its backers raised $150 million in an initial public offering.
Shares in the buyer of charged-off consumer debt traded at around $18 each as of 11:02 a.m. on Thursday in New York, versus an IPO price of $15 apiece. The company and investors including private equity firm JC Flowers & Co. sold about 10 million shares at the bottom of the marketed range.
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