trending Market Intelligence /marketintelligence/en/news-insights/trending/IjfU90QsBWPk9xsYW43xLg2 content esgSubNav
In This List

Report: UK online mortgage marketplace Lendinvest eyes £500M IPO

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Report: UK online mortgage marketplace Lendinvest eyes £500M IPO

U.K.-based online property finance hub LendInvest Ltd. is thinking of potentially launching a £500 million initial public offering, which could happen in 2019, Sky News reported March 14, citing sources.

The company has chosen investment bank Lazard to help it weigh its strategic options, while a group of banks could be appointed by the end of March to oversee an IPO.

LendInvest would seek a valuation of at least £500 million, the sources said, which would mean that CEO Christian Faes and co-founder Ian Thomas, who each hold 36% stakes, could end up with paper fortunes of £175 million each.

According to the report, the company is 7.8%-owned by employees, with venture fund Atomico, the merchant bank GP Bullhound and hedge fund Tiger Global among other investors.