LendInvest debuts on the London Stock Exchange
14th July 2021: LendInvest, the asset manager for property finance, today begins its first day of trading on AIM, a market operated by the London Stock Exchange.
Admission will take place at 08.00am on 14 July under the ticker LINV.
LendInvest has attracted strong support for its IPO from high quality institutional investors and, based on the offer price of 186 pence, LendInvest’s market capitalisation on Admission will be approximately £255.6 million.
The IPO will raise proceeds of £40 million, which LendInvest will use to invest in its continued growth, through accelerating its technology roadmap and expanding strategically into new property finance product areas.
Over the last 13 years, LendInvest has been guided by its mission to make property finance simple. We have developed proprietary technology and digital solutions that have allowed us to capture market share from lending incumbents and attract significant third-party capital to our asset management platform.
In a sector historically characterised by rigid products, poor customer experience and manual, paper-based processes, LendInvest offers attractive products and pricing to Borrowers and Intermediaries through a seamless and customer-centric process. It provides Investors from around the world with exposure to attractive UK property finance assets without requiring them to establish direct lending operations or borrower services. This proposition has enabled LendInvest to grow its Funds under Management to £2.8 billion as at 21 June 2021.
With significant market opportunity ahead, a strong track record and scalable platform, LendInvest is well positioned to disrupt the property finance industry and continue to provide a successful alternative to the traditional lenders’ monopoly on the market.
Rod Lockhart, Chief Executive of LendInvest, commented: "Listing in London today is the next landmark in our growth journey. I’d like to thank each and every member of the team at LendInvest who made this incredible achievement possible.
We are hugely excited about the future for LendInvest. The capital that we have raised through this IPO will enable us to accelerate our technology roadmap, expand into new areas of property finance, and attract new investors, brokers and borrowers to our platform.
We’re delighted to welcome a great group of investors today, and we look forward to delivering for them on the next stage of our journey.
We set out to make property finance simple, and today’s IPO is an important milestone in our journey towards achieving that goal.”
LendInvest is a UK award-winning asset manager for property finance.
LendInvest offers short-term, development and buy-to-let mortgages to intermediaries, landlords and developers. Its proprietary technology and user experience are designed to make it simpler for both borrowers and investors to access property finance.
With over £2.8bn funds under management (as at 21 June 2021), LendInvest’s financial partners and investors include global institutions such as J.P. Morgan, HSBC, Citigroup and NAB, and, in 2019, it became the first Fintech to securitise a portfolio of BTL mortgages.
The company was named Digital Innovation Award Winner at the Sunday Times Tech Track 100 Awards, Buy-to-Let Lender of the Year for 2020 at the NACFB awards, and one of the Financial Times’ FT1000 Fastest Growing Companies in Europe for 2021.