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LONDON (Alliance News) - Sky News reported late Monday that online property finance platform Lendivest has hired a trio of banks to aid its initial public offering preparations.
Lendivest, which according to Sky has lent GBP2 billion since being set up in 2008, has hired US investment bank Goldman Sachs Inc and Barclays PLC as joint global coordinators.
French lender BNP Paribas SA has been hired as bookrunner.
Lendivest's IPO is expected later in 2019, and the peer-to-peer lender is set to raise at least GBP500 million.
Lendivest raised USD39.5 million last September in a series C funding round, describing it as a pre-IPO exercise but stressed at the time it was in no rush to go public.
The company maintains it is not a conventional peer-to-peer lender as the money that finances its loans comes from institutions or high worth individuals opposed to retail investors.
https://news.sky.com/story/property-finance-hub-lendinvest-picks-banks-for-500m-float-11675088