Consumer debt acquisition and collection company Jefferson Capital (JCAP.US) IPO pricing at 15-17 dollars per share.

Consumer debt acquisition and collections company Jefferson Capital is expected to price its initial public offering (IPO) between $15-17 per share. If priced at the upper end of the range, the company's overall valuation will reach approximately $1.1 billion. The company currently has a total of 64.8 million shares outstanding. Jefferson Capital plans to list on the Nasdaq under the symbol "JCAP". According to reports, in this IPO, Jefferson Capital will issue 625,000 shares, while existing shareholders will sell 9.375 million shares. Documents submitted to the US Securities and Exchange Commission (SEC) show that major shareholder J.C. Flowers will sell 7.76 million shares, and Canaccede affiliated entities will sell 1.61 million shares. If all over-allotment options are exercised, CEO David Burton will sell 424,296 shares. Furthermore, if priced at the upper end of the range, Jefferson Capital will receive approximately $10.6 million in net proceeds; if priced at the mid-point of the range, the company expects to receive $3.7 million in net proceeds. The company plans to use around $3.7 million to repay any outstanding borrowings under its revolving credit facility, with the remaining funds to be used for general corporate purposes. Information shows that Jefferson Capital is a leading data-driven company focused on acquiring and managing charged-off and bankrupt consumer accounts, primarily in the US, Canada, the UK, and Latin America. In addition to its main offices, the company also has a partnership outsourcing center in Mumbai, India. The company purchases distressed consumer loans and receivables at discounted prices, with a wide range of asset types, and works with account holders to manage their debt repayment and financial recovery process. Data shows that the company had revenue of $488 million in the 12 months ending on March 31, 2025. In the first quarter of 2025, the company's total revenue was $154.9 million, compared to $99 million in the same period last year; adjusted net profit increased from $34.2 million in the same period last year to $62.9 million. Full-year adjusted net profit in 2024 increased by 41% to reach $153.6 million.