It was a positive, if not stratospheric, debut. After raising £300 million in its IPO, Funding Circle’s stock finally closed out the day flat.
Another fintech startup has made the leap into publicly traded company: Funding Circle, the peer-to-peer lending platform for small and medium businesses that was originally founded in the U.K., opened for trading today on the London Stock Exchange. It was a positive, if not stratospheric, debut. After raising £300 million ($392 million) in its IPO, Funding Circle’s stock (trading under FNIG.L) opened at 460 pence. That represented only a small rise of 4.5 percent on its initial offer price of 440 pence per share — which itself was at the lower end of the original range of 420-530 pence set by the company.
https://techcrunch.com/2018/09/28/funding-circle-ipo/?guccounter=1
