GreenSky, which operates a digital lending platform, filed on Friday with the SEC for an raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that we estimate could raise $1 billion.
The Atlanta, GA-based company was founded in 2006 and booked $326 million in sales for the 12 months ended December 31, 2017. It plans to list under the symbol GSKY. Goldman Sachs, J.P. Morgan, Morgan Stanley, BofA Merrill Lynch, Citi, Credit Suisse and SunTrust Robinson Humphrey are the joint bookrunners on the deal. No pricing terms were disclosed.
