JGWPT Holdings, which purchases structured settlement, annuity and lottery payment streams under the JG Wentworth and Peachtree brands, announced terms for its IPO on Monday. The Radnor, PA-based company plans to raise $250 million by offering 12.2 million shares at a price range of $19 to $22. At the midpoint of the proposed range, JGWPT Holdings would command a fully diluted market value of $581 million.
JGWPT Holdings, which was founded in 1988 and booked $484 million in sales for the 12 months ended June 30, 2013, plans to list on the NYSE under the symbol JGW. JGWPT Holdings initially filed confidentially on June 28, 2013. Barclays, Credit Suisse, Deutsche Bank, Jefferies and Keefe, Bruyette & Woods are the joint bookrunners on the deal.
