Jefferson Capital Set to Debut on NASDAQ with IPO

Jefferson Capital, Inc. is set to make its debut on the NASDAQ under the ticker symbol "JCAP". The company is offering 10 million shares in its initial public offering (IPO). Jefferson Capital specializes in purchasing and managing charged-off and insolvency consumer accounts, a niche within the financial services industry.

The IPO is expected to raise $150 million, as highlighted by Reuters. The shares are priced at $15 each, which is at the lower end of the projected range. This pricing strategy might be aimed at attracting a broader base of investors. Jefferson Capital itself is offering 625,000 shares, while existing stockholders are offering 9.375 million shares. Existing shareholders play a significant role in this IPO. They are offering the majority of the shares, totaling 9.375 million. Jefferson Capital will not receive any proceeds from these shares.

This indicates that the existing shareholders are looking to capitalize on their investment. Underwriters have a 30-day option to purchase up to 1.5 million additional shares from the selling stockholders. This option allows underwriters to buy more shares if there is high demand. However, these additional shares will also not provide proceeds to Jefferson Capital. The company's shares are expected to start trading on June 26, 2025, on the Nasdaq Global Select Market. This marks a significant milestone for Jefferson Capital as it transitions from a private equity-backed firm to a publicly traded company.