A peer-to-peer lender founded above a waffle shop in London by a group of University of Oxford graduates is set to float on the stock market in a deal that could value it at nearly £2bn.
Funding Circle said that it would raise £300m from selling new shares as a part of a listing that could more than double its value a year after it completed a private funding round with investors, including some of the world’s biggest technology venture capitalists.
The eight-year-old company has achieved unicorn status with a valuation of more than $1bn. The float would put a public valuation on the paper fortunes of its staff and backers.
