Jefferson Capital (JCAP Proposed), a Minneapolis-based company that buys consumer debt, is on the marquee as the only large deal on the IPO Calendar for the last week of June. Wall Street is watching the headlines for news of Iran’s response to the U.S. bombing of its nuclear sites over the weekend. Iran said that the U.S. attacks “over the weekend have delivered an “irreparable blow” to the Nuclear Non-Proliferation Treaty — a bedrock, international agreement preventing the spread of atomic bombs,” Bloomberg reported early today – Monday, June 23, 2025. The three major U.S. stock indexes rose slightly at the start of trading today while oil futures slipped.
Israel struck Iran’s Fordow nuclear site and targets in Tehran – and Iran’s missiles have hit Israel, according to the latest headlines early today from news wire services – The Associated Press, Bloomberg and Reuters – as well as from The Wall Street Journal, the Financial Times, CNN and other news sites.
The IPO of Jefferson Capital consists of 10 million shares at a price range of $15.00 to $17.00 to raise $160.0 million, if priced at the $16.00 mid-point of its range. Jefferson Capital is offering only 625,000 shares of stock in the IPO, while the selling shareholders are offering the remaining 9.375 million shares, according to the prospectus.
Jefferies and Keefe, Bruyette & Woods are the lead joint book-runners. Another seven investment banks are part of the joint book-running team.
Jefferson Capital is a profitable company that buys and collects consumer debt – typically charge-offs and insolvent consumer accounts – in the U.S., Canada, the U.K. and Latin America, according to the prospectus.
Jefferson Capital invests in installment loans, credit cards, auto loans and utility debt. Its focus is on distressed assets.
The rest of this week’s IPO Calendar consists of three small IPOs – one each from Hong Kong, Cambodia and mainland China – aiming to raise $21.25 million combined. All three companies are profitable, according to their SEC filings. (Please see our IPO Calendar for information on these deals.)