Commercial Credit Group Ipo

Commercial credit group ipo

Commercial credit group ipo

Commercial Credit, the parent company of Commercial Credit Group (CCG), announced the launch of its initial public offering of 7,250,000 shares of its common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (“SEC”).

The Company is selling 4,312,500 shares of common stock and certain stockholders, including affiliates of Lovell Minnick Partners and Archbrook Capital Management, are selling 2,937,500 shares of common stock.

It is currently estimated that the initial public offering price will be between $15.00 and $17.00 per share.

Commercial credit group ipo

In addition, the selling stockholders will grant the underwriters a 30-day option to purchase up to an additional 1,087,500 shares from such selling stockholders. CCI has applied to list its shares on the New York Stock Exchange under the symbol “CCR.”

J.P. Morgan Securities and Keefe, Bruyette & Woods are serving as joint book-running managers and as representatives of the underwriters for the offering.

Commercial credit group ipo

BMO Capital Markets, SunTrust Robinson Humphrey, Wells Fargo Securities and BB&T Capital Markets are serving as co-managers for the offering.

The offering will be made only by means of a prospectus. A registration statement relating to these securities has been filed with the SEC but has not yet become effective.

These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

SBI CARD IPO Review - IPO Size - 9500 Cr - IPO Details, Market Share, Revenue etc - How to Apply IPO