Consumer collections firm Jefferson Capital files for a $100 million IPO

Jefferson Capital, a consumer debt purchaser and collector, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.

Jefferson states that it is a leading analytically driven purchaser and manager of charged-off and insolvency consumer accounts with operations primarily in the US, Canada, the UK, and Latin America. In addition to its main offices, the company has a co-sourced operation in Mumbai, India. Jefferson purchases nonperforming consumer loans and receivables at a discount to their face value across a broad range of financial assets, managing the loans and receivables by working with the account holders as they repay their obligations and work toward financial recovery.

The Minneapolis, MN-based company was founded in 2002 and booked $488 million in revenue for the 12 months ended March 31, 2025. It plans to list on the Nasdaq under the symbol JCAP. Jefferson Capital filed confidentially on December 11, 2024. Jefferies, Keefe Bruyette Woods, Citizens JMP, Raymond James, Truist Securities, Capital One Securities, DNB Markets, Regions Securities, and Synovus Securities are the joint bookrunners on the deal. No pricing terms were disclosed.