Online lender Elevate is headed for an initial public offering

Elevate Credit, an online lender that focuses on the non-prime market, is headed for an initial public offering.

The company filed an updated S1 form on March 27, and is offering 7.7 million shares at a $US12 to $US14 per share. That means the firm is expecting to raise $US107.8 million at the top end of the range.

More to follow

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