WASHINGTON (dpa-AFX) - Community Choice Financial Inc. said the initial public offering price of its common stock per share is now expected to be between $10.00 and $12.00 per share. Earlier, the company estimated the IPO price between $13.00 and $15.00 per share.
The company said it is selling 10.67 million common shares. The underwriters have an option to purchase a maximum of 1.6 million additional shares from us and the selling shareholders to cover over-allotments of shares.
Community Choice Financial has applied to list its common shares on The Nasdaq Global Market under the symbol 'CCFI'.
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