Creditshelf raises €16.5m through landmark IPO

By Ryan Weeks on Thursday 19 July 2018

Alternative Lending

Trading in the platform’s shares will commence July 25th.

German mid-market lending platform Creditshelf has successfully closed its IPO, raising €16.5m at the fixed price €80.00 per share.

In the end, the company had no need of its €15m backstop order, provided by Hevella Capital GmbH & Co. KGaA, part of a group controlled by Rolf Elgeti. But Obotritia Capital KGaA, which is also part of the group, subscribed for an additional amount of €1.5m, underlining its support for the firm.

Creditshelf’s shares will begin trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange on July 25th, 2018.

Creditshelf began its book-build for the IPO last week, after having its prospectus approved by BaFin (the German regulator), with the aim of raising €15-20m.

The IPO is among the first in a sudden string of listings by European business lending platforms. The shares of Portuguese peer-to-peer platform Raize began trading on the Lisbon Stock Exchange yesterday, while fintech lending giant Funding Circle is planning a £1.5bn flotation on the London Stock Exchange for later this year.

Creditshelf is known for a focus on larger loans than the average online lending platform. To date, it has funded 127 loans with a total loan volume of €58m.


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