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Regional Management Corp. applies for $100 million IPO

May 16, 2011
RM

Regional Management Corp., which provides an array of loan products to customers with limited access to traditional lenders, filed on Monday with the SEC to raise up to $100 million in an initial public offering. The Greenville, SC-based company, which was founded in 1987 and booked $87 million in sales for the 12 months ended December 31, 2010, plans to list on the NYSE under the symbol RM. Jefferies & Co., Stephens Inc., BMO Capital Markets and JMP Securities are the lead underwriters on the deal. No pricing terms were disclosed.