IBJNews

Indiana-based Springleaf's shares rise after $336M IPO

Back to TopCommentsE-mailPrintBookmark and Share

Shares of Indiana-based Springleaf Holdings jumped Wednesday morning after the lender expanded its initial public offering, selling $336.7 million in stock.

Springleaf expanded its IPO to 21 million shares from 20 million, and said the offering was priced at $16 per share, in line with its estimates.

The company's shares gained $1.70, or 10 percent, to $17.70 each in morning trading.

The stock is now trading on the New York Stock Exchange under the ticker symbol "LEAF." Springfield said the underwriters of the IPO will have an option to buy 3.2 million more shares to cover over-allotments.

Springleaf Holdings Inc. provides non-prime consumer loans through a network of 834 offices and online. It is based in Evansville.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT