Blackstone subprime lender Exeter Finance files for a $100 million IPO

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Exeter Finance, a full-service subprime auto lender backed by Blackstone, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering.

The Irving, TX-based company was founded in 2006 and booked $581 million in revenue for the 12 months ended September 30, 2018. It plans to list on the NYSE under the symbol XTF. Exeter Finance filed confidentially on August 7, 2018. Citi and Wells Fargo Securities are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Blackstone subprime lender Exeter Finance files for a $100 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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