Jefferson Capital set to open higher in Nasdaq debut after $150 million IPO
Consumer debt buyer Jefferson Capital JCAP.O set to open above offer price in Nasdaq debut
Stock indicated to open at $21 apiece vs $15 IPO price
The company and some of its backers raised $150 million by selling 10 million shares at the low end of its marketed range of $15 to $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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