Renaissance Capital logo

The OLB Group Priced, Nasdaq: OLB

Merchant acquirer with a suite of payment services.

Industry: Technology

First Day Return: n/a

Industry: Technology

We are FinTech company and payment facilitator that focuses on a suite of products in the merchant services and payment facilitator verticals and provides integrated business solutions to merchants throughout the United States. We seek to accomplish this by providing merchants with a wide range of products and services through our various online platforms, including financial and transaction processing services and support for crowdfunding and other capital raising initiatives. We supplement our online platforms with certain hardware solutions that are integrated with our online platforms. In 2018, we were ranked 62nd among merchant acquirers in the United States ranked by Visa/Mastercard volume. Our business functions primarily through three wholly-owned subsidiaries, eVance, OmniSoft, and CrowdPay. Substantially all of our revenue has been generated from our eVance business, but we expect to begin generating revenue from our OmniSoft and CrowdPay business by the end of 2019. We expect to build out our OmniSoft software business and to rely more on our payment facilitator model to transition away from our reliance on our eVance business but there is no guarantee that we will be able to do so.
more less
IPO Data
IPO File Date 06/26/2019
Offer Price $9.00
Price Range $9.00 - $9.00
Offer Shares (mm) 0.7
Deal Size ($mm) $6
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/06/2020
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $6
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters New York, NY, United States
Founded 2004
Employees at IPO 24
Website olb.com

The OLB Group (OLB) Performance