Canopy Growth stock tumbles after announcing $200 million share sale plan
Investing.com -- Jefferson Capital, a company that buys and manages charged-off and insolvency consumer accounts, saw its shares rise to $19 on its first day of trading on the Nasdaq Global Select Market under the ticker "NASDAQ:JCAP".
The company priced its initial public offering (IPO) at $15.00 per share on Wednesday. The offering included 10,000,000 shares of common stock, with Jefferson Capital itself offering 625,000 shares and existing stockholders selling 9,375,000 shares.
The underwriters of the offering have a 30-day option to purchase up to 1,500,000 additional shares from the selling stockholders at the initial public offering price, minus underwriting discounts and commissions.
Jefferson Capital, which describes itself as an analytically driven purchaser and manager of consumer accounts, will not receive any proceeds from the shares sold by existing stockholders.
Jefferies and Keefe, Bruyette & Woods, A Stifel Company, are serving as joint-lead book-running managers for the IPO.
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