<
p>LendInvest has confirmed to B&C that it has plans to float on the London Stock Exchange in the next year.
The real estate mortgage peer-to-peer lender, LendInvest, has confirmed that it is set to list on the stock exchange.
The lender, which was founded by two principals from Montello Capital Management in May 2013, recently revealed it has lent more than £200 million to British businesses within only 19 months of trading. LendInvest’s rapid growth goes unmatched by some of its competitors, with Zopa taking seven years to reach the £200 million milestone.
At the time, LendInvest CEO, Christian Faes said: “We are finding that LendInvest has become very popular with investors, as it provides superior risk adjusted returns that are secured against property.”
Fellow alternative finance provider, Aldermore Bank, planned to make initiate its IPO late last year, however these plans were scrapped due to the deterioration of global equity markets at the time. Virgin Money, which also held IPO plans at around the same time, announced the initiation of its IPO in November last year.
Despite Seedrs’ claims in the media yesterday that it was the first firm to conduct a crowdfunding IPO, rival SyndicateRoom responded:“SyndicateRoom – another of the ‘Big Three’ of UK equity crowdfunding - achieved this ‘first’ back on December last year with the crowdfunded float of the Mill Residential REIT on AIM.”
“SyndicateRoom welcomes Seedrs efforts to follow in its footsteps in helping to move the equity crowdfunding concept forwards, but does want due credit for this first, not least because it is also the first time UK equity crowdfunding investors have enjoyed an exit from which they can take a positive investment return – a very significant milestone indeed.”
LendInvest has confirmed to B&C that it has plans to float on the London Stock Exchange in the next year….
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