LendInvest confirms filing for London IPO at £255.6m valuation
The AIM listing will raise £40m for the company on admission.
The listing, which is set to value the company at £255.6m, will see LendInvest raise £40m from its new share offering due to take place on 14 July.
"From a standing start we now have £2.8bn FuM [funds under management], and count some of the world's largest financial institutions as investors,” said LendInvest’s founder and executive chair Christian Faes.
“We have achieved this by building a platform that offers speed and certainty to borrowers and intermediaries while offering investors access to an attractive asset class with compelling risk-adjusted returns.”
“We are thrilled to welcome our new shareholders to the business and look forward to beginning the next stage of our journey."
“This IPO will provide us with the resources and flexibility to continue investing in our technology, expand our range of products and enter new segments of the market,” added Lockhart.
LendInvest had planned to IPO in 2019, however after several ‘pre-IPO’ funding rounds, the plan was shelved after Funding Circle’s disastrous market debut and the torrid market conditions which left the company nursing a £2.2m hit to its profits.
Times have certainly changed, and as we wrote in the AltFi Leader on Monday, public markets are positively buoyant for fintechs of all shapes and sizes right now, so it’s a prime time to dive in.