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Non-prime lender Elevate Credit files for a $100 million IPO

November 9, 2015
ELVT

Elevate Credit, a provider of loans and lines of credits to non-prime consumers, filed on Monday with the SEC to raise up to $100 million in an initial public offering. 

The Fort Worth, TX-based company, which was founded in 2014 and booked $394 million in sales for the 12 months ended September 30, 2015, plans to list on the NYSE under the symbol ELVT. Elevate Credit filed confidentially on 9/2/2015. UBS Investment Bank, Jefferies, Stifel and William Blair are the joint bookrunners on the deal. No pricing terms were disclosed.