This is the second fintech lending IPO to have been completed in the last week.
German mid-market lending platform Creditshelf has successfully had its shares admitted to the Prime Standard market of the Frankfurt Stock Exchange.
The shares began trading yesterday at the initial listing price of €80 and had climbed to €80.30 by the close of trading.
The listing saw Creditshelf rake in €16.5m without needing to draw on a backstop order of €15m, provided by Hevella Capital GmbH & Co. KGaA, part of a group controlled by Rolf Elgeti.
Fellow business lending fintech platform Raize recently completed an IPO of its own on the Lisbon Stock Exchange. Its shares began trading last Thursday at €2.00 per share. The firm raised €1.5m in total.
The listings come in the run-up to a hotly-anticipated float for UK peer-to-peer lending giant Funding Circle, which is expected to raise in the region of £1.5bn through an IPO on the London Stock Exchange later this year. If successful, it would mark the first IPO for a UK-based peer-to-peer lender.
Below is a video of the Creditshelf team celebrating at the Frankfurt Stock Exchange yesterday.
Source: Deutsche Börse Group
Now in its sixth year, the AltFi London Summit returns on 18th March 2019 to 155 Bishopsgate. Last year proved to be a crucial turning point for the key players building the future of finance. Leading platforms launched oversubscribed IPOs, digital banks proliferated and mainstream financial institutions started their own disruptive propositions. With 2019 certain to be another landmark year, more questions will be asked by regulators with investor interest in disruption also poised for more rapid growth.