J.C. Flowers-backed Jefferson Capital set for Nasdaq debut after $150 million IPO
Jefferson Capital set to begin trading on Nasdaq on Thursday under ticker symbol "JCAP"
The consumer debt buyer and some of its backers raised $150 million by selling 10 million shares at $15 apiece, the low end of its marketed range of between $15 and $17
Jefferson sold 625,000 shares, while selling stockholders, including investment firm J.C. Flowers, offloaded about 9.4 million shares
At the offer price, Jefferson fetched a valuation of $972.2 million
Minnesota-based firm purchases charged-off and insolvency consumer accounts with operations mainly in the U.S., Canada, the UK and Latin America
Jefferies and Keefe, Bruyette & Woods were the joint-lead book runners
J.C. Flowers acquired Jefferson from buyout firm Flexpoint Ford in 2018
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