糖心视频

After its t to IPO, this morning priced its IPO at $6 per share and started trading at $7聽.聽According to , the company raised over $90 million from its public debut.

The firm鈥檚 pricing was well under its initially proposed share price range of $12-$14. Its ensuing聽drop is not stellar news for the company.

The company reported in its that it intends to use its IPO proceeds to reduce its heavy debt load. The firm鈥檚 net interest expenses grew from $36.67 million to $64.28 million from 2015 to 2016. The company鈥檚 operational profit was $47 million in 2016, for context.

The already public聽, which also deals out subprime loans, trades around $5 per share.聽This is amidst that its former CEO is starting another lending company. For Lending Club, its current share price puts it聽, likely making investors wary of Elevate’s financial underpinnings.

In light of Elevate, the second quarter is looking strong and active for IPOs. Okta is expected to IPO at $13-$15 this Friday. Following Okta is Yext on the following Thursday, which hopes to debut at $8-$10 per share.

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