Fortress-backed consumer finance company Springleaf Holdings sets terms for $320 million IPO


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Springleaf Holdings, a consumer finance company that provides loan products through its branch network and online, announced terms for its IPO on Monday. The Evansville, IN-based company plans to raise $320 million by offering 20.0 million shares (40% insider) at a price range of $15 to $17. At the midpoint of the proposed range, Springleaf Holdings would command a market value of $1.8 billion.

Springleaf Holdings, which was founded in 1927 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.

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

This article appears in: News Headlines , IPOs

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