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Elevate Credit Priced, NYSE: ELVT

Online provider of loans and lines of credits to non-prime consumers.

Industry: Financials

First Day Return: +19.4%

Industry: Financials

We provide online credit solutions to consumers in the United States and the United Kingdom who are not well-served by traditional bank products and who are looking for better options than payday loans, title loans, pawn and storefront installment loans. Non-prime consumers—approximately 170 million people in the US and UK, typically defined as those with credit scores of less than 700—now represent a larger market than prime consumers but are risky to underwrite and serve with traditional approaches. We’re succeeding at it—and doing it responsibly—with best-in-class advanced technology and proprietary risk analytics honed by serving more than 1.5 million customers with $3.7 billion in credit. Our current online credit products, Rise, Elastic and Sunny, reflect our mission to provide customers with access to competitively priced credit and services while helping them build a brighter financial future with credit building and financial wellness features.
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IPO Data
IPO File Date 11/09/2015
Offer Price $6.50
Price Range $6.50 - $6.50
Offer Shares (mm) 12.4
Deal Size ($mm) $81
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/05/2017
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $81
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Fort Worth, TX, United States
Founded 2001
Employees at IPO 540
Website www.elevate.com

Elevate Credit (ELVT) Performance