|More from: | PYMNTS |||
Days after confirming plans for an Initial Public Offering on the London Stock Exchange, alternative lending firm Funding Circle has released new details about its goals for the float and market conditions that make it possible.
According to P2P Finance News reports on Monday (Sept. 10), Funding Circle said the IPO plans are part of its strategy to take advantage of current market conditions.
“The directors believe that this is an appropriate time to bring the group to the public market, reflecting the robust foundations established for future growth,” the company said in a statement.
The firm said is plans to raise more than $390 million by going public. With those funds, Funding Circle aims to
Read full article » https://www.pymnts.com/news/b2b-payments/2018/funding-circle-ipo-alternative-lending-smb-finance/
About | PYMNTS |
PYMNTS.com is reinventing the way in which companies share relevant information about the initiatives that shape the future of payments and commerce and make news. This powerful B2B platform is the #1 site for the payments industry by traffic and the premier source of information about “What’s Next” in payments and commerce. C-suite executives, company founders, and investors turn to it daily for these insights, making the PYMNTS.com audience the most valuable in the industry. It provides an interactive platform for companies to demonstrate thought leadership, popularize products and, most importantly, capture the mindshare of global decision-makers. It’s where the best minds and best content meet on the web. Innovations in payments and commerce have become highly intertwined. PYMNTS covers every aspect from retail reinvention to the Internet of Things.