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.

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This article appears in: News Headlines , IPOs

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