Fintech investor Draper Esprit joins London’s FTSE 250

By Oliver Smith on Thursday 2 September 2021

Alternative LendingDigital BankingSavings and Investment

After moving to the London Stock Exchange’s main market in July.

Fintech investor Draper Esprit joins London’s FTSE 250
Image source: Draper Esprit.

Following a phenomenal 12 months during which its share price has more than doubled, listed venture capital investor Draper Esprit was this morning admitted to the FTSE 250 index.

The admission comes just over a month after Draper moved its listing from London’s AIM to the exchange’s main market, and similarly promoted its secondary listing from Dublin’s Euronext Growth Market to the Euronext Dublin main market.

Draper said the moves as well as the successes of its portfolio had helped increase its liquidity and expose its shares to a far wider group of investors, ultimately prompting its inclusion in the FTSE 250 index reshuffle today.

This time last year Draper’s share price stood at 550p, it has steadily climbed over 100 per cent these last 12 months and today is trading just shy of 1,120p.

Some of that has been prompted by the investor’s successful exits in the last year, which totalled £206m, including the IPO of payments giant Wise, as well as a sharp growth in the valuations of its portfolio companies like Revolut and Ledger.

In June Draper Esprit tapped public markets for £111m to help it increase its pace of investing which now sits at around £200m/year.

In April Draper revealed that its portfolio had reached a £1bn valuation, up 47 per cent in the last year, lifted by the growing valuations of Freetrade, Form3, Getsafe, N26 and PrimaryBid.

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