A technology-enabled, diversified consumer finance company, CURO raised $93 million by selling 6,666,667 shares of common stock, which began trading on December 7 on the New York Stock Exchange.
On December 11, Willkie client CURO Group Holdings Corp., a portfolio company of Friedman Fleischer & Lowe, LLC, announced the closing of its initial public offering. CURO raised $93 million by selling 6,666,667 shares of common stock at a price of $14.00 per share. In addition, CURO has granted the underwriters a 30-day option to purchase up to an additional 1,000,000 shares at the initial public offering price, less the underwriting discount to cover over-allotments, if any. The shares began trading on December 7 on the New York Stock Exchange under the symbol “CURO”.
CURO Group Holdings Corp. is based in Wichita, Kansas and is a technology-enabled, highly-diversified consumer finance company. The CURO business was founded in 1997 to meet the growing needs of consumers looking for access to credit. CURO offers a variety of financial and loan services to underbanked customers across the United States, Canada and the United Kingdom.
The Willkie deal team was led by partner Cristopher Greer and included associates Laura Acker, Jon Kubek, Angela Bueti, Ransel Potter, Paul DeTurk, William Halaby, and Marisa Weisbaum. Partner Mark Holdsworth and associates Rose Ohanesian and Sherrone Torres handled employee compensation and benefits related matters, and partners Neil Townsend and David Cosgrove handled certain corporate matters.