JGWPT Holdings now plans to price at $14, below original $19-$22 range

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JGWPT Holdings, which buys structured settlement payment streams under the JG Wentworth and Peachtree brands, lowered the proposed deal size again for its upcoming IPO on Friday. The Radnor, PA-based company now plans to raise $137 million by offering 9.8 million shares at a price of $14. The company had originally intended to sell 12.2 million shares at $19-$22 before filing to sell 9.8 million shares at a range of $15-$16 on Thursday. The stock is expected to begin trading on the NYSE under the symbol JGW today. Barclays, Credit Suisse, Deutsche Bank, Jefferies and Keefe, Bruyette & Woods 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 The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: JGW

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