Deal: 11.54MM shares (17% primary) at a mid-point of $13 = $150M IPO.

NASDAQ: PFMT plan is to price on August 10.

Books: Morgan Stanley, Goldman, Credit Suisse, Wells Fargo with Co-Managers: SunTrust and Blair.

Company provides "technology-enabled solutions in recovery of financial assets." Different than PRAA which acquires distressed assets.

Focus is on student loans and healthcare where defaults are large and growing. So these guys are the ones chasing unemployed college graduates to make sure they . . .

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