JGWPT Holdings prices IPO at $14, as expected

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JGWPT Holdings, which buys structured settlement payment streams under the JG Wentworth and Peachtree brands, raised $137 million by offering 9.8 million shares at $14, as anticipated by a filing Friday morning. 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 still expected to begin trading on Friday. Barclays, Credit Suisse, Deutsche Bank, Jefferies and Keefe, Bruyette & Woods were 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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