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Equipment loan provider Commercial Credit files for a $100 million IPO

Commercial Credit, which provides loans for the construction, waste and fleet transportation industries, filed on Thursday with the SEC to raise up to $100 million in an initial public offering.

The Charlotte, NC-based company, which was founded in 2014 and booked $37 million in sales for the 12 months ended December 31, 2014, plans to list on the NYSE under the symbol CCR. Commercial Credit initially filed confidentially on February 4, 2015. J.P. Morgan and Keefe Bruyette Woods are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Equipment loan provider Commercial Credit 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, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , 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.


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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