Exeter scraps IPO | Auto Finance News Exeter scraps IPO | Auto Finance News
Auto Finance News
Subscribe
  • Home
  • News
    • All News
    • Exec of the Year
    • Innovation & Technology
    • Management
    • Compliance & Regs
    • Risk Management
    • Capital & Funding
    • Powersports
  • Events
    • DEMOvation Challenge
    • Auto Finance Summit
    • Auto Finance Innovation Summit
  • EXCELLENCE
    • Best Practices
    • Topics
      • Compliance
      • Customer Experience
      • Technology
    • White Papers
    • Glossary
  • Magazine
    • Latest
    • Magazine Issues
  • Data
    • Lender Ranking
    • Fixed Rate Outstandings at Banks
    • Securitizations
    • Market Share Monitor
AFN PLUS
Tuesday, January 26, 2021
Log In
No Result
View All Result
Auto Finance News
  • Home
  • News
    • All News
    • Exec of the Year
    • Innovation & Technology
    • Management
    • Compliance & Regs
    • Risk Management
    • Capital & Funding
    • Powersports
  • Events
    • DEMOvation Challenge
    • Auto Finance Summit
    • Auto Finance Innovation Summit
  • EXCELLENCE
    • Best Practices
    • Topics
      • Compliance
      • Customer Experience
      • Technology
    • White Papers
    • Glossary
  • Magazine
    • Latest
    • Magazine Issues
  • Data
    • Lender Ranking
    • Fixed Rate Outstandings at Banks
    • Securitizations
    • Market Share Monitor
AFN PLUS
Log In
No Result
View All Result
Auto Finance News
No Result
View All Result

Exeter scraps IPO

Marcie Belles by Marcie Belles
November 27, 2019
in Capital & Funding
Reading Time: 1min read

Subprime lender Exeter Finance has shelved plans for an initial public offering “due to market conditions,” according to a Nov. 22 SEC filing. Blackstone-backed Exeter had expected to raise $100 million in the IPO, according to an S-1 filed on Jan. 8.

Details in the withdrawal filing were sparse. “The registrant has decided not to pursue the offering due to market conditions,” Exeter wrote in the filing, which was signed by Chief Executive Jason Grubb. “Based on the foregoing, the registrant submits that the withdrawal of the registration statement is consistent with the public interest and protection of investors.”

Irving, Texas-based Exeter has been in growth mode, bolstering its portfolio 32.5% year over year to $5.1 billion as of June 30, according to an Oct. 3 presale report from S&P Global Ratings. In April, Exeter announced plans to double its headquarters. The company has about 1,250 employees and works with 12,000 new- and used-car dealers.

Exeter declined to comment on the IPO withdrawal.

Tags: BlackstoneExeter Financeipo
Previous Post

Auto ABS volume surpasses 2018 levels

Next Post

Online used-car retailer launches, scores $32M from investors

Related Posts

Chase Auto Looks to Boost AI Initiatives, CEO Says   
Capital & Funding

Chase Auto locks in private label partnership with Rivian

January 14, 2021
Axis Auto Finance Raises $25M to Fund Latest Acquisition
Capital & Funding

Agora Data closes industry-first crowdsourced securitization

January 6, 2021
Fiat’s dividend slashed to boost cash after merger with PSA
Capital & Funding

Fiat Chrysler and PSA push to complete merger by end of January

December 17, 2020
Next Post
White Papers

Online used-car retailer launches, scores $32M from investors

Latest Magazine Issue

INNOVATION & TECHNOLOGY

Upstart partners with Oriental Bank, enlarges lending footprint

Upstart partners with Oriental Bank, enlarges lending footprint

January 20, 2021
GM jumps as Microsoft joins $2B self-driving venture

GM jumps as Microsoft joins $2B self-driving venture

January 19, 2021

Sign Up Email List

CORONAVIRUS

Used-vehicle prices increase, inventory outpaces norm

Used-vehicle prices increase, inventory outpaces norm

January 22, 2021
Dueling dynamics will shape consumer credit in 2021

Dueling dynamics will shape consumer credit in 2021

January 20, 2021

SPONSORED

Collateral Protection Insurance (CPI): What is CPI and what does it do?

Collateral Protection Insurance (CPI): What is CPI and what does it do?

January 8, 2021
US auto sales poised for crash after slowest pace in a decade

Driving Customer Loyalty, Retention After Total Loss

December 9, 2020
When tough times hit, proactive strategies pay

When tough times hit, proactive strategies pay

November 2, 2020

About

ABOUT US

PRIVACY TERMS

ADA COMPLIANCE

CODE OF JOURNALISM ETHICS

Contact Us

ADVERTISE

HELP CENTER

EMAIL SIGN UP 

Follow Us

twitter twitter linkedin podcast

©2021 Royal Media & Auto Finance News

No Result
View All Result
  • Home
  • News
    • All News
    • Exec of the Year
    • Innovation & Technology
    • Management
    • Compliance & Regs
    • Risk Management
    • Capital & Funding
    • Powersports
  • Events
    • DEMOvation Challenge
    • Auto Finance Summit
    • Auto Finance Innovation Summit
  • Excellence
    • Best Practices
    • Topics
      • Compliance
      • Customer Experience
      • Technology
    • White Papers
    • Glossary
  • Magazine
    • Latest
    • Magazine Issues
  • Data
    • Lender Ranking
    • Fixed Rate Outstandings
    • Securitizations
    • Market Share Monitor
  • +PLUS
  • SUBSCRIBE
  • Log In / Account

© 2020 Royal Media

Go to mobile version