17th Mar 2015 11:26
LONDON (Alliance News) - VPC Speciality Lending Investments PLC began trading on the main market of the London Stock Exchange Tuesday, after it raised GBP200 million in its flotation, through the issue of 200 million shares at 100 pence each.
Shares in the company are trading down 1.5% at 98.5 pence Tuesday morning.
VPC is a peer-to-peer lender, and has said the proceeds of the IPO will be used to invest in opportunities in the speciality lending market through online lending platforms. Its investment manager is Victor Park Capital Advisors LLC.
Jefferies International Ltd acted as sole broker, sponsor and bookrunner.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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