Senmiao Technology plans to raise $14 million in a US IPO; the company was founded in 2014 and plans to list on the Nasdaq with symbol AIHS; if the company has a successful IPO, they may be worth around $100 million. Source
Peter Renton, Founder of Lend Academy and Co-Founder of LendIt shares his perspective on the likely fintech IPOs in 2018. Source
It has been a long time since OnDeck and LendingClub went public in the US; the shares of both companies are down significantly since that time; now Funding Circle is planning to go public as late autumn, but what is the right valuation for the company? Financial Times reviews Funding Circle’s business and the importance of whether investors value it as a finance or software business. Source
Shares closed Friday at $1.32, above the $1.21 offer price; the company raised a total of $67 million and is now valued at $306.6 million; the IPO was Australia’s biggest tech IPO of the year. Source
Stephen Dash likes to go down the road less traveled. As an Australian investment banker turned entrepreneur he saw a...
According to The Times, sources say Funding Circle is in no hurry to do an IPO, but if the markets continue to be favorable they may go public in the second half of the year; article also shares the potential in their US business where they have much less brand awareness compared to the UK; there are some concerns from clients and investors that the company has not yet been through a recession as they look at an IPO; Funding Circle currently has 850 employees and last raised £82 million at a £990 million valuation. Source
The year is barely two weeks old and we have already learned of IPO plans for two of the world’s...
Happy New Year everyone. As I do every year at this time I make a few predictions for the year...
The San Francisco based online marketplace for consumer loans has gone public down under in the biggest tech IPO of the year on the Australian Exchange. Source
Lufax has reportedly hired five banks to work on a Hong Kong IPO which could raise as much as $5 billion; SoftBank’s vision fund is also in talks to invest in the company according to sources; Lufax is the 10th largest unicorn and has delayed IPO plans over the past few years. Source