References/13 Nov 2018
Borenius advised Fellow Finance Plc on its Nasdaq Helsinki First North IPO
We advised Fellow Finance Plc on its Nasdaq Helsinki First North Finland initial public offering (“IPO”). The IPO consisted of a primary issue and share sale with a total value of EUR 20 million. Trading in the company’s shares on First North Finland began on 10 October 2018.
Fellow Finance is an internationally active and growth-oriented FinTech group that provides crowdfunding services to private individuals and businesses alike. The IPO of Fellow Finance is the first FinTech IPO in Finland. Jouni Hintikka, the CEO of Fellow Finance, commented:
“The IPO exceeded our expectations and we received great interest from investors, which we are very happy about. The overall process with Borenius was very thorough and they made sure all the processes were done correctly. They gave us very good support throughout the process and were available all times of the day which helped us in meeting the tight timelines of the project.
In Fellow Finance we want to keep up our profitable growth and extend our service to new European countries and become the leading lending platform marketplace for people and businesses in Europe.”
Fellow Finance Plc launched its operations in 2014 and it is an internationally active and growth-oriented FinTech group that provides crowdfunding services for people and businesses. Fellow Finance is the leading¹ Nordic loan-based crowdfunding and peer-to-peer lending platform which has over 470 000 users from around 50 countries. Fellow Finance Plc is regulated by the Financial Supervisory Authority of Finland as an Authorized Payment Institution. Fellow Finance Plc is listed on Nasdaq First North Finland and The Company has around 2900 shareholders. Read more: www.fellowfinance.fi
¹ Measured by the amount of financing facilitated. Source: Altfi Data