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…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.