Ticker LaunchIPO · OPRT
Oportun Financial Corp
Formerly Progreso Financiero Holdings, Inc.
Oportun Financial Corp (OPRT) priced its initial public offering on Sep 27, 2019 at $15.00 per share, within its $15.00–$17.00 range, raising $93.8M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $400.6M. Cooley advised the company and Davis Polk advised the underwriters.
Oportun Financial Corp provides affordable financial services, mainly loans, to people in the United States who have no credit score or a limited credit history that understates their creditworthiness. It has originated over 3.2 million loans using a proprietary lending platform and data science.
- Status
- IPO
- Ticker
- OPRT
- Exchange
- Nasdaq Global Select
- Priced
- Sep 27, 2019
- IPO price
- $15.00
- Price range
- $15.00–$17.00
- Raised
- $93.8M
- Market cap at IPO price
- $400.6M
- First filed
- Jul 17, 2019
- Company counsel
- Cooley
- Underwriters' counsel
- Davis Polk
- Sector
- Financials
- Country / state
- CA
Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.
More on this listing for subscribers
- Lock-up period and expiry date
- Shares offered, over-allotment and shares outstanding after the offering
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Filings
- Registration statement (S-1) first filed Jul 17, 2019
- Latest amendment Sep 16, 2019
- Final prospectus (424B4) Sep 27, 2019
- All filings on EDGAR CIK 1538716
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