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Non-prime lender Oportun Financial prices $94 million IPO at the $15 low end

September 26, 2019
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Oportun Financial, which provides loans to low- or moderate-income consumers with limited credit history, raised $94 million by offering 6.3 million shares (25% insider) at $15, the low end of the range of $15 to $17. Oportun Financial plans to list on the Nasdaq under the symbol OPRT. Barclays, J.P. Morgan, Jefferies and Keefe Bruyette Woods acted as lead managers on the deal.