Ratesetter to raise ￡30m ahead of London IPO, Nasdaq Nordic markets welcome 41st and 42nd IPOs of 2018 today, Mercari shares spike as much as 76%...

Nasdaq Helsinki is hosting the IPO of VMP Plc today on its Nasdaq First North Finland market, making VMP the 41st company to list on the Nasdaq Nordic markets in 2018. VMP is a HR company that offers self-employment services, organisational development, recruitment and staffing services. Danske Bank has been appointed as the Certified Adviser for the deal.

Nasdaq Stockholm is seeing its Main Market welcome the IPO today of Projektengagemang Sweden AB, making it the 42nd company to list on the Nasdaq Nordic markets this year. The Swedish based company is an engineering consultancy that offers services, both in the private and public sectors, in architecture, urban planning, energy, infrastructure and project management. The Company also operates in India through its subsidiary PE-Aristi.

Ratesetter, one of the UK’s largest online peer-to-peer lenders, is looking to raise ￡30 million ahead of its London IPO, reports This Is Money. This funding round is said to value the Company at about ￡280 million, it has lent more than ￡2.5 billion so far. One of its larger competitors, Funding Circle, is also planning an IPO in London later this year, which is said to value it at up to ￡2 billion.

Japanese-based online flea market app, Mercari Inc, had its share price rise as much as 76 per cent in its Tokyo IPO this week, reports the Financial Times. The original share price value was US$27.29 per share, which was at the top of the range, yet shares rose as much as US$48.64 each in morning trading, raising more than US$1.2 billion. As one of only two unicorns for Japan, it will use the proceeds to expand its business. People use the app to put up pictures and simple descriptions of items they want to sell, the Company has become a famous through Japanese adverts. Although, the app has been used to sell illegal and stolen items, but the Company is cracking down on this.

Off the back of the news of Europe’s first publicly listed microfinance company set to IPO, Indian based microfinance company CreditAccess Grameen is set to have its IPO in India, reports the Economic Times. The Company looks to raise close to ￡100 million by selling 10,281,317 shares. ICICI Securities, Credit Suisse, IIFL Holdings, and Kotak are all advising on the deal.

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