Coblentz Patch Duffy & Bass assisted Elevate Credit in its initial public offering, the fourth venture-backed tech IPO of 2017. Elevate Credit debuted on the New York Stock Exchange under the ticker symbol ELVT, with an offering of 12.4 million shares of common stock at a price of $6.50 per share.
Elevate has originated $4 billion in nonprime credit to more than 1.6 million consumers to date. Its innovative online credit solutions provide immediate relief to customers and help them build a brighter financial future. The company is committed to rewarding borrowers’ good financial behavior with features like interest rates that can go down over time, free financial training and free credit monitoring.