Curo Group Holdings, which provides payday and installment loans to non-prime consumers in North America, announced terms for its IPO on Tuesday.
The Wichita, KS-based company plans to raise $100 million by offering 6.7 million shares at a price range of $14 to $16. At the midpoint of the proposed range, Curo Group Holdings would command a fully diluted market value of $692 million.
Curo Group Holdings was founded in 1997 and booked $916 million in sales for the 12 months ended September 30, 2017. It plans to list on the NYSE under the symbol CURO. Credit Suisse, Jefferies and Stephens Inc. are the joint bookrunners on the deal. It is expected to price during the week of December 4, 2017.
