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Debt collector Jefferson Capital valued at $1.2 billion in strong Nasdaq debut
June 26 (Reuters) - Shares of Jefferson Capital (JCAP.O), opens new tab rose 26.7% in their Nasdaq debut on Thursday, valuing the consumer debt collector at $1.2 billion.
Jefferson's shares opened at $19 apiece, above its offer price of $15 per share. The Minneapolis, Minnesota-based company and some existing investors raised $150 million by selling 10 million shares in the IPO.
The U.S. IPO market has recovered in recent weeks after President Donald Trump's shifting trade policies rattled investors and froze new listings earlier this year.
Jefferson's debut mirrors the strong first-day performances last week of cancer diagnostic firm Caris Life (CAI.O), opens new tab and Slide Insurance (SLDE.O), opens new tab.
