Tandem Bank released an update saying an IPO was in their plans over the next few years as they focus...
Shares of Qudian surged almost 48 percent on the first day of trading; the share offering raised about $900mn, making it the largest Chinese listing in the US this year; reaching as high as $35.45 the company ended the day at $29.86; Qudian extends loans to millennials and students for small ticket items like smartphones or concert tickets. Source.
Ant Financial is seen as one of the world’s top fintech companies and is now reviving their plans for an...
Monzo CEO Tom Blomfield sat down with Reuters to talk about the progress the digital bank has made and the...
UK based Funding Circle recently signaled they were looking to go public this year and now investors are wondering is this the start of a UK fintech IPO trend; rumors have swirled around Zopa, LendInvest, Monzo and others, but thus far not many have gone forward with a listing; there is concerns over the ability of the businesses to make a profit and have lessons been learned from U.S. fintech IPOs; while there has been a few small listing thus far time will tell whether or not the big fintech firms will make the leap. Source.
Last year’s batch of Chinese IPOs did not perform well and ended up losing almost $1bn worth of shareholder money; there is an expectation that the number of Chinese IPOs will jump 30 percent in 2018; Qudian, one of the biggest from a year ago, has seen their stock plummet by more than 50 percent; expectations and the Chinese government crackdown on online lending has really hurt the prospects of some companies looking to list. Source.
The largest mortgage lender in the U.S. has confidentially filed for an IPO according to CNBC; the report indicates the...
Alibaba announced it was taking a 33 percent stake in their fintech affiliate Ant Financial; the agreement allows for Alibaba to pick of shares of Ant Financial and also ends the revenue share agreement they had in place; TechCrunch reports the deal was focused on “certain intellectual property rights owned by Alibaba exclusively related to Ant Financial.”; Alibaba saw their shares drop after the announcement and many think this is a prelude to Ant Financial’s IPO. Source.
Quicken Loans parent company, Rocket Companies, filed their paperwork to go public on the NYSE and will likely price before...
Credit Karma is seen as one of the hottest fintech startups in the world and a potential 2020 IPO candidate;...