Fintech IPOs

Chat here about Fintech IPO’s. Past, current or future…

Anyone watching Adyen’s float today? They listed at an $8bn valuation and are currently up over :100: % on the day up to $16bn… absolutely smashed out of the ball park, but is it sustainable?

It seems a good omen for the other fintechs wondering whether an IPO would be in their interest any time soon.

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Very encouraging response. I think the underlying opportunity is enormous @rarther , and I think the market has maybe priced this in, even if not yet captured. Good question on sustainability though

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Adyen now trading at $22.5bn - up nearly 3x since float. Is this a fintech bubble?

Funding Circle now looking to raise £300m at up to £1.8bn valuation in IPO. Will be very interesting to see whether this gets the same market reception.

If it does get an instant re-rating, it makes you wonder how much Monzo would be worth if left to market forces?

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So Funding Circle’s IPO landed and was met by the market with yawns.

Maybe this is evidence that there isn’t a fintech bubble? Very rational response to an overvalued IPO.

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“The Monzo of Pensions” to float on LSE this month.

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Now Wise seems to have moved from $6-7bn expected valuation to £9bn ($12.5bn) in 2 months and it seems to be an imminent direct listing rather than a distant IPO…

All UK fintech investors:

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Hope it’s a rising tide to raise all ships, rather than a tidal wave.

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Wise are due to start trading publicly on the London Stock Exchange at 11.22am this morning. Ticker symbol s WISE.

Market reaction to this is very important for Monzo, Revolut and the rest.

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$11.3bn valuation at the opening bell :sunglasses: let’s see where the day takes it.

Makes Monzo look very cheap…

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