Renaissance Capital logo

Elevate Credit expects to price IPO at $6.50, well below the range

April 6, 2017
ELVT

Elevate Credit, an online provider of loans and lines of credits to non-prime consumers, expects to raise $81 million by offering 12.4 million shares at $6.50. It originally planned to offer 7.7 million shares at a range of $12 to $14. Elevate Credit plans to list on the NYSE under the symbol ELVT. UBS Investment Bank, Credit Suisse, Jefferies, Stifel and William Blair acted as lead managers on the deal.