GreenSky, which operates a digital lending platform that facilitates merchant financing, announced terms for its IPO on Monday.
The Atlanta, GA-based company plans to raise $750 million by offering 34.1 million shares at a price range of $21 to $23. At the midpoint of the proposed range, GreenSky would command a fully diluted market value of $4.2 billion and an enterprise value of $4.4 billion.
GreenSky was founded in 2006 and booked $346 million in sales for the 12 months ended March 31, 2018. It plans to list on the Nasdaq 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. It is expected to price during the week of May 21, 2018.
