Funding Circle, a peer-to-peer financing platform for SMEs founded in the UK, has made a leap in listed companies. Although it was not a stratosphere, it was a positive start. Trader under FNIG.L, its inventory was 460 pence, a slight increase of 4.5% compared to the initial price of 440 pence per share. The financing circle raised £ 300 million ($ 392 million) for IPO, but this initial price was initially 420-530 pence set by the company.
Also, to further clarify this trend, it is not considered promising on the day. The stock is currently trading at 438.30 pence lower than the introduction price. Share exchange.
Float, which accounts for 29.3% of the fund raising circle, declares its market capitalization It is 1,504 million pounds (about 2 billion dollars in current currency) based on the number of shares outstanding. (In the case of a fully diluted option including vested and indoubt options, the valuation is close to £ 1.6 billion)
"We always believe that circle financing is suitable for the public market, and today's milestone recognizes the strengths and global impacts of our model." Co-founder Samir Desai, CEO of the funding circle, said in a statement. "I am excited to start this exciting new chapter to focus on growth in all markets and create a better financial world for small business and investors. I welcome new shareholders. Funding Circle is a very ambitious company and we are pleased to grow our business over the next few years and it is a great place to establish and grow FinTech's company Today's achievements
The IPO train evolved rapidly in the technology world this year, but not everyone …
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The lending platform Funding Circle raised £ 300 million at the London IPO,
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