Elevate Credit (ELVT) IPO Opens Modestly Higher

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Go back to Elevate Credit (ELVT) IPO Opens Modestly Higher

Elevate Announces Pricing of Initial Public Offering

April 6, 2017 10:13 AM EDT

FORT WORTH, Texas--(BUSINESS WIRE)-- Elevate Credit, Inc. (Elevate or the Company) today announced the pricing of its initial public offering of 12,400,000 shares of common stock at a price to the public of $6.50 per share. In addition, Elevate has granted the underwriters a 30-day option to purchase up to an additional 1,860,000 shares. The Companys stock is expected to begin trading on the New York Stock Exchange (NYSE) under the ticker symbol ELVT on Thursday, April 6, 2017. The offering is expected to close on April 11, 2017, subject to customary closing conditions. Net proceeds to the Company, after deducting estimated underwriting discounts and... More