(Reuters) -Private equity-backed Jefferson Capital is targeting a valuation of up to $1.1 billion in its initial public offering in the United States, the debt buyer said on Friday.
The Minneapolis, Minnesota-based company and some of its existing shareholders are seeking to raise up to $170 million by offering 10 million shares priced between $15 and $17 each.
Investment firm J.C. Flowers had acquired Jefferson Capital from buyout firm Flexpoint Ford in 2018.
Jefferson Capital will list on the Nasdaq under the symbol “JCAP”.
Jefferies and Keefe, Bruyette & Woods are the lead underwriters for the offering.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar)
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