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

By: Renaissance Capital
Posted: 10/15/2013 6:44:00 PM
Referenced Stocks: LEAF

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.