Jefferson Capital Plans $160M IPO Targeting $1.1B Valuation

Jefferson Capital, a Minneapolis-based company that purchases and manages charged-off and insolvent consumer accounts, plans to raise approximately $160 million through its initial public offering by offering 10 million shares priced between $15 and $17. The IPO, expected to price in late June 2025, will be primarily a secondary offering with about 94% of shares sold by existing shareholders, including its largest backer J.C. Flowers, which will retain about 69% voting control post-IPO. Valued at up to $1.1 billion, Jefferson Capital operates across the US, Canada, the UK, Latin America, and has co-sourced operations in India, focusing on nonperforming consumer loans across various asset types such as installment loans, credit cards, auto, and utilities. The company reported $488 million in revenue for the year ending March 2025 and aims to list on Nasdaq under the ticker symbol "JCAP" with multiple underwriters including Jefferies and Keefe Bruyette Woods. The capital raised is expected to support corporate purposes including debt repayment and balance sheet strengthening. This IPO represents a notable public market debut in the debt buyer sector amid growing private equity pressure to monetize investments.