Funding Circle $2.6 Billion IPO Tests Post-Adyen Fintech Demand
- Prospectus is said to be published as soon as Wednesday
- Lender is compared to firms from Just Eat to payment handlers
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Funding Circle Ltd.’s initial public offering will test whether investors have a lasting appetite for Europe’s maturing fintech scene after a flurry of stock sales.
The eight-year-old British online loan provider, which has yet to turn a profit, is likely to publish its pricing range as soon as tomorrow, according to people familiar with the matter who asked not to be identified. A Funding Circle spokesman has previously indicated that its valuation post-IPO should be about 2 billion pounds ($2.6 billion).