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JGWPT Completes IPO

JGWPT Holdings, Inc. – parent company of J.G. Wentworth and Peachtree Settlement Funding – completed its $100-million-plus initial public offering last week and began trading on November 8 on the New York Stock Exchange, according to various news reports.

Some reports (such as the one here) said that JGWPT had sold 9,750,000 shares at $14 a share – a price that was lower than initially expected – and that the underwriters had an option to buy an additional 1,462,500 shares.