Fortress-backed consumer finance company Springleaf Holdings increases insider selling

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Springleaf Holdings, which provides non-prime consumer loans through a network of 834 offices and online, increased insider selling for its upcoming IPO on Friday. The Evansville, IN-based company now plans to raise $320 million by offering 20.0 million shares, 42% of which will be offered by insiders. The company had previously filed to offer the same number of shares but with only 40% offered by insiders.

Springleaf Holdings, which was founded in 1920 and booked $859 million in sales for the 12 months ended June 30, 2013, plans to list on the NYSE under the symbol LEAF. BofA Merrill Lynch, Citi, Credit Suisse, Allen & Company and Barclays are the joint bookrunners on the deal. It is expected to price during the week of October 14, 2013.



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: LEAF

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