Exeter Finance, a full-service subprime auto lender backed by Blackstone, withdrew its plans for an initial public offering on Friday, citing market conditions. It originally filed in January 2019 with a proposed deal size of $100 million. The Irving,...read more
As expected, no IPOs priced this past week. And thanks to the government shutdown, no IPOs launched roadshows, either. However, new IPOs entered the public pipeline, with initial filings from biotechs Alector (ALEC) and Anchiano Therapeutics (ANCN),...read more
As expected, the 2019 US IPO market is off to a slow start. This is largely driven by three factors: 1. January is typically a less active month for IPOs 2. The market's recent downturn and spike in volatility makes it difficult to price new deals 3....read more
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...read more
Blackstone subprime lender Exeter Finance withdraws $100 million IPO
Exeter Finance, a full-service subprime auto lender backed by Blackstone, withdrew its plans for an initial public offering on Friday, citing market conditions. It originally filed in January 2019 with a proposed deal size of $100 million. The Irving,...read more
US IPO Weekly Recap: 2019 kicks off with IPO filings
As expected, no IPOs priced this past week. And thanks to the government shutdown, no IPOs launched roadshows, either. However, new IPOs entered the public pipeline, with initial filings from biotechs Alector (ALEC) and Anchiano Therapeutics (ANCN),...read more
These will be the first IPOs of 2019
As expected, the 2019 US IPO market is off to a slow start. This is largely driven by three factors: 1. January is typically a less active month for IPOs 2. The market's recent downturn and spike in volatility makes it difficult to price new deals 3....read more
Blackstone subprime lender Exeter Finance files for a $100 million IPO
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...read more