The lending platform's existing shareholders, which include Rocket Internet, sold $184m in shares as part of the offering.
Funding Circle, a UK-based peer-to-leer lending platform backed by e-commerce holding company Rocket Internet, went public on Friday in a £440m ($576m) initial public offering in its home country.
The company issued $393m of new shares in the IPO priced at 440p each, at the lower end of their 420p to 530p range, while its shareholders divested approximately $184m of shares. It has not however disclosed details of the selling shareholders or the size of their stakes.
The offering valued…
