You are here: Home - News -

LendInvest confirms IPO consideration

by:
  • 14/03/2019
  • 0
LendInvest confirms IPO consideration
LendInvest has admitted it is considering floating on the stock market.

Sky News had reported that the specialist lender had hired the investment bank Lazard to advise on its strategic options, suggesting that a £500m initial public offering (IPO) may be on the cards.

While LendInvest is privately owned, its listed subsidiary LendInvest Secured Income issued a statement to the stock exchange on the rumours.

It stated: “Further to recent press speculation, LendInvest Limited, the ultimate holding company of LendInvest Secured Income plc, has confirmed that, together with its major shareholders, it is considering a range of strategic options for the business, including a potential IPO.”

The lender has been linked with a floatation repeatedly over the last couple of years. When it announced it had secured a £30.5m investment last September, it positioned the money as pre-IPO funding ahead of its eventual move into the mainstream mortgage market.

LendInvest started in bridging and development finance, before moving into buy-to-let in November 2017.

There are 0 Comment(s)

You may also be interested in