Springleaf prices upsized IPO at $17 high end, raising $358 million

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Springleaf, which provides subprime consumer loans through a network of 834 offices, raised $358 million by pricing 21.0 million shares (45% insider) at $17, the high end of the $15 to $17 range. The company had originally filed to offer 20.0 million shares (42% insider), with all of the additional shares sold by existing shareholder AIG. Springleaf Holdings plans to list on the NYSE under the symbol "LEAF". BofA Merrill Lynch,
Citigroup, Credit Suisse, Allen & Company and Barclays acted as the lead managers 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

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