In a bold leap into public markets, consumer debt buyer Jefferson Capital Inc. began trading Thursday after pricing its long-awaited initial public offering at the bottom of its marketed range, raising $150 million. The move signals both resilience and realism as investors navigate inflationary currents and tighter capital conditions.
IPO Details: Cautious Pricing, Strategic Goals
The Minneapolis-based company, backed by private equity giant J.C. Flowers & Co., sold 10 million shares at $15 each—just at the floor of its $15 to $17 per-share target. While the conservative pricing reflects caution, the offering still gives Jefferson Capital a market capitalization of approximately $972 million, based on its disclosed outstanding shares.
Trading under the symbol “JCAP” on the Nasdaq, Jefferson Capital sold 625,000 shares directly while existing shareholders—led by J.C. Flowers—unloaded the rest. Proceeds from the sale will be used primarily to pay down debt and finance the company’s operational expansion across its multi-country footprint.
