Finance Breaking news Atom Bank bids to raise fresh funds through share sale last financial news

Breaking-Finance.Com - The UK's Atom Bank is plotting a £150 million share sale to see it through the pandemic, with an eye on pursuing an IPO in 2022.

Finance Breaking news Atom Bank bids to raise fresh funds through share sale last financial news

Breaking-Finance.Com - The UK's Atom Bank is plotting a £150 million share sale to see it through the pandemic, with an eye on pursuing an IPO in 2022.

Finance Breaking news Atom Bank bids to raise fresh funds through share sale last financial news
24 August 2020 - 13:45

Breaking-Finance.Com - The UK's Atom Bank is plotting a £150 million share sale to see it through the pandemic, with an eye on pursuing an IPO in 2022. Launched in 2016, the UK digital-only bank has taken £1.8bn in customer deposits and lent £2.4bn.

. The Covid-19 outbreak is also highlighting the fragility of the new breed of digital-only lenders, as potential investors downgrade expectations and valuations in a challenging business environment.BBVA, which owns 40% of Atom Bank, recently passed up the opportunity to exercise an option to take full control of the bank."Sources" have told Sky News that Atom Bank is considering raising between £50m and £150m through the share sale in the Autumn, depending on demand, as it seeks to keep the business on an even keel.

Source = Breaking-Finance.Com

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Finance Breaking news Atom Bank bids to raise fresh funds through share sale last financial news


Finance Breaking news Atom Bank bids to raise fresh funds through share sale last financial news


Finance Breaking news Atom Bank bids to raise fresh funds through share sale last financial news


Finance Breaking news Atom Bank bids to raise fresh funds through share sale last financial news

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