Enova Withdraws $500 Million US IPO
Enova International, which offers payday loans to consumers through multiple websites, withdrew its plans for an initial public offering on Wednesday.
The Cash America spin-off initially filed in September 2011 to raise up to $500 million.
The Chicago, IL-based company was founded in 2003 and booked $480 million in sales for the 12 months ended December 31, 2011. UBS Investment Bank, Barclays and Jefferies & Co. were set to be the joint bookrunners on the deal.