Funding Circle Reflects On IPO Plans

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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

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