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Enova withdraws $500 million US IPO

By Renaissance Capital,  July 25, 2012, 05:49:33 PM EDT

Enova International, which offers payday loans to consumers through multiple websites, withdrew its plans for an initial public offering on Wednesday. The Cash America spin-off initially filed in September 2011 to raise up to $500 million.

The Chicago, IL-based company was founded in 2003 and booked $480 million in sales for the 12 months ended December 31, 2011. UBS Investment Bank, Barclays and Jefferies & Co. were set to be the joint bookrunners on the deal.




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: News Headlines, IPOs

Referenced Stocks: ENVA



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