Exeter Finance, a full-service subprime auto lender backed by Blackstone, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering.
The Irving, TX-based company was founded in 2006 and booked $581 million in revenue for the 12 months ended September 30, 2018. It plans to list on the NYSE under the symbol XTF. Exeter Finance filed confidentially on August 7, 2018. Citi and Wells Fargo Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
