Flagship Credit, a subprime auto lender with $1.9 billion in loans, filed on Friday with the SEC to raise up to $50 million in an initial public offering.
The Chadds Ford, PA-based company was founded in 2005 and booked $163 million in sales for the 12 months ended December 31, 2014. It did not disclose a ticker or an exchange. Bookrunners have not been selected. No pricing terms were disclosed.
