Jefferson Capital opens at $19 after IPO priced at $15 Investing.com -- Jefferson Capital, a company that buys and manages charged-off and insolvency consumer accounts, saw its shares rise to $19 on its first day of trading on the Nasdaq Global Select Market under the ticker "NASDAQ:JCAP". The company priced its initial public offering (IPO) at $15.00 per share on Wednesday. The offering included 10,000,000 shares of common stock, with Jefferson Capital itself offering 625,000 shares and existing stockholders selling 9,375,000 shares. The underwriters of the offering have a 30-day option to purchase up to 1,500,000 additional shares from the selling stockholders at the initial public offering price, minus underwriting discounts and commissions. Jefferson Capital, which describes itself as an analytically driven purchaser and manager of consumer accounts, will not receive any proceeds from the shares sold by existing stockholders. Jefferies and Keefe, Bruyette & Woods, A Stifel Company, are serving as joint-lead book-running managers for the IPO. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Before you buy stock in JCAP, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is JCAP one of them?

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Debt collector Jefferson Capital valued at $1.2 billion in strong Nasdaq debut By Prakhar Srivastava (Reuters) -Private equity-backed Jefferson Capital has secured a valuation of $1.2 billion after its shares rose 26.7% in their Nasdaq debut on Thursday, signaling a steady recovery in investor appetite for listings with strong fundamentals. The consumer debt collector’s shares opened at $19 apiece, above its offer price of $15 per share. The Minneapolis, Minnesota-based company and some existing investors raised $150 million by selling 10 million shares in the IPO. The U.S. IPO market has recovered in recent weeks after President Donald Trump’s shifting trade policies rattled investors and froze new listings earlier this year. The rebound is likely to be selective, led by high-quality and long-anticipated issuers, IPOX research associate Lukas Muehlbauer said. Jefferson’s total revenue jumped 34.1% to $433.3 million in 2024 compared with the previous year, continuing a steady trajectory since 2019. The debut mirrors strong first-day performances last week of cancer diagnostic firm Caris Life and Slide Insurance. Stablecoin issuer Circle Internet and digital bank Chime also made stellar debuts earlier this month. But companies such as eToro, Voyager, and Omada, hot on debut, are trading below opening price as of last close. "The initial pop is often fueled by the scarcity of an allocation, while the subsequent trading helps establish a more sustainable, long-term market price. Ultimately, this dynamic is less about fading interest and more about the market undertaking a healthy process of price discovery," said Muehlbauer. The company, which competes with PRA Group and Encore Capital (NASDAQ:ECPG) Group in its core U.S. market, was acquired by U.S.-based private equity firm J.C. Flowers in 2018.

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