Christian Faes, LendInvest CEO.
LendInvest reportedly shelves IPO plans for now
The property lender's listing has been pushed back to 2020 at the earliest.
CEO Christian Faes has repeatedly voiced his intention to list the property lending business in recent years, but also cautioned that “we're not in any particular rush”.
Funding Circle’s shares have fallen 74% since its IPO in September 2018.
Referencing a person familiar with LendInvest’s plans, Financial News revealed that the company has prepared an IPO prospectus and has not ruled out a listing, but that this is unlikely to happen until 2020.
Earlier this year it was also reported that LendInvest had appointed investment bankers from Lazard to advise on an IPO.
LendInvest declined to comment.