Tampa company that funds homeowners associations raises $10 million in IPO

The newest publicly traded company in the Tampa Bay area is a specialty finance company offering funding for community associations.

LM Funding America Inc. sold 1.2 million units for $10 a unit, and raised $9.9 million after expenses, a press release said. The company will use the proceeds of the offering for growth capital and general corporate purposes.

LM Funding, headquartered on Harbour Island and led by Chairman and CEO Bruce Rodgers, provides funding to nonprofit community associations,… …read more