UK established the foundation circle circle, The P2P loan platform focused on the small and medium enterprise market in developing countries has announced the "potential intent" floating on the London Stock Exchange.
The funding circle announced in a press release that it is about to raise about 300 million pounds (approximately 387 million dollars) if IPO is implemented. According to this document, the company's value is 1.65 billion pounds (about 2.1 billion dollars).
Heartland A / S, a private holding company of Anders Holch Povlsen, a billionaire in Denmark, ~so As part of the potential IPO offer, it is permitted to acquire 10% of the outstanding ordinary share capital at various valuations (provided, however, If the stock valuation before the issue of the new stock under the offer exceeds 1.65 BN, the promise expires.
The fund raising circle has raised more than 373 million dollars so far since its founding in 2010. After the financial crisis of 2008, the founder came up with the idea of helping SMEs receive loans after the withdrawal of conventional funding sources. .
Global lending platforms are tying investors in the US, the US, Germany, and the Netherlands to smaller companies wanting to borrow money for growth. Since the platform was launched in 2010, we have borrowed over £ 5 billion to over 80,000 individual investors, banks, asset management companies, insurance companies, organizations and companies with more than 50,000 public funds.
In the statement of IPO, Samir Desai, CEO and …
I hope you like the above news
Financing circle, P2P SME loan platform, IPO - News
. Stay Tuned For More Updates :)