Elevate Sets Estimated IPO Range

Fort Worth-based Elevate, an online provider of credit and loans for non-prime customers, has set its estimated IPO range. The company said on Monday that it expects to offer 7,700,000 shares of its common stock in its IPO offering at between $12.00 and $14.00 per share. The company has been approved to list as ELVT on the New York Stock Exchange. The company's IPO is being underwritten by UBS Investment Bank, Credit Suisse, Jeffries, Stifel, and William Blair. The company is venture backed by Sequoia Capital, Technology Crossover Ventures, along with others.