Online loan ABS issuer readies $50m IPO

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By Jennifer Kang
19 Jul 2019

Oportun Financial, a consumer lender and ABS issuer, has filed documents with the Securities and Exchange Commission to raise up to $50m in an initial public offering, the company announced this week.

The California-based lender focuses on borrowers with limited or no credit history.

Oportun will be listed on the Nasdaq under the ticker symbol OPRT, but has not determined the number of shares to be offered or the price range, the press release said. Barclays, JP Morgan and Jefferies are ...

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