Online subprime lender heads to IPO market

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By Sasha Padbidri
28 Mar 2017

Online subprime lender Elevate has revived its plans for an IPO, as it looks to finance a growing supply of borrowers with limited access to traditional bank credit.

Elevate initially filed for an IPO early last year, but put off plans to go public in the wake of broader capital markets volatility in the first quarter of 2016. The company told GlobalCapital in December 2016 that its balance sheet was too small to tap the securitization ...

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