Creditshelf raises €16.5m through landmark IPO

By Ryan Weeks on Thursday 19 July 2018

Editor's PickAlternative Lending

Trading in the platform’s shares will commence July 25th.

German mid-market lending platform Creditshelf has successfully closed its IPO, raising €16.5m at the fixed price €80.00 per share.

In the end, the company had no need of its €15m backstop order, provided by Hevella Capital GmbH & Co. KGaA, part of a group controlled by Rolf Elgeti. But Obotritia Capital KGaA, which is also part of the group, subscribed for an additional amount of €1.5m, underlining its support for the firm.

Creditshelf’s shares will begin trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange on July 25th, 2018.

Creditshelf began its book-build for the IPO last week, after having its prospectus approved by BaFin (the German regulator), with the aim of raising €15-20m.

The IPO is among the first in a sudden string of listings by European business lending platforms. The shares of Portuguese peer-to-peer platform Raize began trading on the Lisbon Stock Exchange yesterday, while fintech lending giant Funding Circle is planning a £1.5bn flotation on the London Stock Exchange for later this year.

Creditshelf is known for a focus on larger loans than the average online lending platform. To date, it has funded 127 loans with a total loan volume of €58m.


Sign up for our newsletters

Your daily 7am download of all things alternative finance and fintech.

Fintech and alternative finance headlines with an exclusive Editor's Note each week. Delivered Monday at midday.

AltFi's new weekly US newsletter breaking down the ins and outs of America's burgeoning fintech sector. Delivered Monday 9am EST/ 6am PST.