September 3, 2018 / 6:37 AM / a month ago

Funding Circle announces intention to float on LSE main market

LONDON, Sept 3 (Reuters) - Funding Circle, a British peer-to-peer lending marketplace, on Monday announced its intention to float on the London Stock Exchange’s main market.

Heartland A/S, the private holding company of Danish billionaire Anders Holch Povlsen, will participate as a cornerstone investor in any listing.

The company, which is a major investor in ASOS and Zalando, will buy 10 percent of the issues ordinary share capital up to a maximum of 1.65 billion pounds ($2.1 billion), Funding Circle said in a statement. ($1 = 0.7744 pounds) (Reporting by Maiya Keidan, editing by Silvia Aloisi)

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