Fintech lender Creditshelf’s shares begin trading

This is the second fintech lending IPO to have been completed in the last week.

Image source: https://goo.gl/JBWytr

German mid-market lending platform Creditshelf has successfully had its shares admitted to the Prime Standard market of the Frankfurt Stock Exchange.

The shares began trading yesterday at the initial listing price of €80 and had climbed to €80.30 by the close of trading.

The listing saw Creditshelf rake in €16.5m without needing to draw on a backstop order of €15m, provided by Hevella Capital GmbH & Co. KGaA, part of a group controlled by Rolf Elgeti.

Fellow business lending fintech platform Raize recently completed an IPO of its own on the Lisbon Stock Exchange. Its shares began trading last Thursday at €2.00 per share. The firm raised €1.5m in total.

The listings come in the run-up to a hotly-anticipated float for UK peer-to-peer lending giant Funding Circle, which is expected to raise in the region of £1.5bn through an IPO on the London Stock Exchange later this year. If successful, it would mark the first IPO for a UK-based peer-to-peer lender.

Below is a video of the Creditshelf team celebrating at the Frankfurt Stock Exchange yesterday.