Open Lending Corporation | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.

Leadership

Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Stephens & Williams Racing Partnership

Stephens is the official investment banking partner of Williams Racing, one of the most winning teams in F1 history. We share that tradition of success.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

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Co-Manager

Open Lending Corporation

$306 Million 04/01/2021 Specialty Finance Complete
Public Companies, Financial Sponsors
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Transaction Details

  • On April 1, 2021, Open Lending Corporation (“Open Lending” or the “Company”) announced the upsizing and pricing of a public offering of 9,000,000 secondary shares of its common stock at a price to the public of $34.00 per share
  • All shares are being sold by existing stockholders, including Nebula Holdings, LLC, an entity managed by True Wind Capital, L.P., Bregal Sagemount and certain executive officers of the Company (collectively, the “Selling Stockholders”)
  • The Selling Stockholders also granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of the Company’s common stock
  • Open Lending will not receive any proceeds from the offering
  • Subject to completion of the offering, the Company agreed to purchase $20.0 million of common stock from the Selling Stockholders at the same per-share price paid by the underwriters in the offering

About the company

Open Lending (Nasdaq: LPRO) provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States. For 20 years the Company has been empowering financial institutions to create profitable auto loan portfolios by saying “yes” to more automotive loans.

Sources: Company filings and press release.
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