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Community Choice Financial postpones IPO after cutting range

By Renaissance Capital,  May 07, 2012, 06:09:18 PM EDT

Community Choice Financial, which provides payday loans and check cashing services to under-banked consumers, postponed its IPO on Monday after lowering its proposed price range earlier in the day. The company planned raise $118 million by selling 10.7 million shares at $10-$12, 21% below the midpoint of the original $13-$15 range. Credit Suisse, Jefferies and Stephens were set to be the underwriters on the offering.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, IPOs

Referenced Stocks: CCFI



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