Shares of consumer debt collector Jefferson Capital opened at $19 a share, above the offering price of $15 a share.
The U.S. IPO market has rebounded in recent weeks after President Donald Trump's trade policy changes unsettled investors and froze new listings earlier this year.
According to Lukas Mühlbauer, a research fellow at IPOX, the recovery is likely to be selective and driven by the performance of high-quality and long-awaited issuers.
Jefferson's total revenue grew 34.1% to $433.3 million in 2024 compared to the previous year, continuing a steady momentum from 2019.
Founded in 2002, Jefferson purchases and manages unpaid consumer debt in the U.S., Canada, the U.K., and Latin America. It helps banks, credit card issuers, and other creditors recover their debts.
The company, which competes with PRA Group and Encore Capital Group in its core US market, was acquired by US private equity firm JC Flowers in 2018.
Source: Reuters
