VPC Specialty Lending Investments PLC has successfully listed shares on the London Stock Exchange (LSE) on the “premium listing segment of the Official List. VPC will trade on the LSE under ticker symbol VSL. VPC was created by asset manager Victory Park Capital, a firm that has been aggressively investing in peer to peer lending platforms including Assetz Capital and Funding Circle. VPC made the announcement regarding their intent to list shares late last month.
The total number of ordinary shares was set at 200 million, each with voting rights. Jefferies International Limited acted as sole broker, sponsor and bookrunner in relation to admission.
VPC is not the first fund created to take advantage of the booming peer to peer lending ecosystem. P2P Global listed on the LSE last year. P2P Global returned to the market to raise an additional £250 million in January.