Community Choice Financial, a provider of short-term consumer loans, check cashing services and prepaid debit cards to unbanked and underbanked customers, filed on Tuesday with the SEC to raise up to $230 million in an initial public offering. The Dublin, OH-based company, which was founded in 1989, currently operates 433 stores primarily located in the mid-western and western United States and booked $249 million in revenues for the 12 months ended June 30, 2011. Community Choice Financial aims to join recently public peers Green Dot (GDOT) and NetSpend (NTSP) and has selected Credit Suisse, Jefferies and Stephens to lead manage the IPO. The company plans to list on the NASDAQ under the symbol CCFI. 2011 has not been a good year for financial IPOs: finance is the worst-performing sector year-to-date, averaging a return of -22%.
