Elevate Credit Priced, NYSE: ELVT

Online provider of loans and lines of credits to non-prime consumers.

Industry: Financials

Latest Trade: $7.66 0.00 (0.0%)

First Day Return: +19.4%

Return from IPO: +17.8%

Industry: Financials

We provide online credit solutions to consumers in the United States and the United Kingdom who are not well-served by traditional bank products and who are looking for better options than payday loans, title loans, pawn and storefront installment loans. Non-prime consumers—approximately 170 million people in the US and UK, typically defined as those with credit scores of less than 700—now represent a larger market than prime consumers but are risky to underwrite and serve with traditional approaches. We’re succeeding at it—and doing it responsibly—with best-in-class advanced technology and proprietary risk analytics honed by serving more than 1.5 million customers with $3.7 billion in credit. Our current online credit products, Rise, Elastic and Sunny, reflect our mission to provide customers with access to competitively priced credit and services while helping them build a brighter financial future with credit building and financial wellness features.
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IPO News for Elevate Credit
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IPO Data
IPO File Date 11/09/2015
Offer Price $6.50
Price Range $6.50 - $6.50
Offer Shares (mm) 12.4
Deal Size ($mm) $81
IPO Data
IPO Date 04/05/2017
Offer Price $6.50
Price Range $6.50 - $6.50
Offer Shares (mm) 12.4
Deal Size ($mm) $81
Underwriters
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Company Data
Headquarters Fort Worth, TX
Founded 2001
Employees 540
Website www.elevate.com