Elevate Credit has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). This company decided to postpone its offering back in January, but now it is back on the table.

The company expects to price its 3.6 million shares in the range of $20 to $22 per share, with an overallotment option for an additional 540,000 shares. At the maximum price the entire offering is valued up to $91.08 million. The company intends to list its shares on the New York Stock Exchange under the symbol ELVT.

The underwriters for the offering are UBS Investment Bank, Jefferies, Stifel, William Blair and BB&T Capital Markets.

The company offers technology-driven online credit solutions to non-prime consumers. This is for consumers with credit scores of less than 700 and who are not well-served by either banks or legacy non-prime lenders.

Elevate has experienced rapid growth since launching its current generation of product offerings in 2013. Since their introduction, Rise, Elastic and Sunny, together, have provided roughly $1.6 billion in credit to about 550,000 customers and generated strong revenue growth. The company’s revenues for the year ended December 2015 grew 59% to $434 million from $274 million for the year ended December 2014 and revenues for the three months ended March 2016 grew 46% compared to the three months ended March 2015. The operating income (loss) for the years ended December 2015 and 2014 were $9 million and $(61) million, respectively, and were $26.5 million and $11.6 million for the three months ended March 2016 and 2015, respectively.

The company intends to use the net proceeds from the offering to repay its outstanding debt, with the remainder going to its working capital and general corporate purposes.

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