Powered by

Report: LendInvest to postpone IPO plan, eyes private fundraising

Aug 27, 2019 - SNL European Financials Daily

U.K. online mortgage marketplace LendInvest Ltd. has decided to delay a potential IPO planned for later in 2019 and will instead raise private capital from large institutional investors, Financial News reported, citing a person familiar with the company's plans.

In March, the company hired Goldman Sachs Group and Barclays as joint global coordinators on the potential £500 million float.

LendInvest has not abandoned the stock market listing but is unlikely go public until 2020 at the...