Elevate Credit , which had postponed its initial public offering in January 2016, set a $12 to $14 price range for its offering Monday. Elevate plans to sell 7.7 million shares to raise up to $107.8 million. The venture-backed company is an online service that offers small loans and has been criticized for the high interest rates it charges. The stock has been approved to list on the New York Stock Exchange under the symbol “ELVT.”
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News