Jefferson Capital (JCAP.US) IPO price range lower limit, raising $150 million.

Consumer debt acquisition and collection agency Jefferson Capital raised 150 million dollars through its initial public offering (IPO) on the US stock market. The company issued 10 million shares at a price of $15 per share (with 94% being secondary shares), priced at the lower end of its previous range of $15 to $17 per share. Based on this offering price, the company's market value reached $972 million. Jefferson Capital describes itself as a leading analysis-driven purchaser and manager of defaulted and bankrupt consumer accounts, with operations mainly covering the United States, Canada, the United Kingdom, and Latin America. In addition to its main offices, the company also has a collaborative operations center in Mumbai, India. Jefferson Capital purchases various types of distressed consumer loans and receivables at a discount to face value, and manages these loans and receivables through cooperation with account holders in the process of repaying debts and striving for financial recovery. Its investment activities primarily focus on installment loans and credit card debt, followed by auto loans and utility bills, with a focus on distressed assets. Jefferson Capital plans to list on the Nasdaq stock exchange under the ticker symbol "JCAP". The joint bookrunners for this offering are: Jefferies, Keefe Bruyette Woods, Citizens JMP, Raymond James, Truist Securities, Capital One Securities, DNB Markets, Regions Securities, and Synovus Securities.