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November 30, 2022
Finance Technologies

Atom Bank plans £40m shareholder fundraise in prep for future IPO

Atom Bank has announced a planned £40 million fundraising from its existing shareholders, as the UK direct bank gears up for an initial public offering (IPO). Atom planned a similar £150m raise last year The Durham-based bank expects its small and medium-sized enterprise (SME) lending business to have grown to more than £700 million by March 2021. It saw numbers boosted by the UK government’s Coronavirus Business Interruption Loan Scheme (CBILS). It also says it has seen “strong and profitable growth” in its mortgage operations. CEO Mark Mullen says the funding is needed to drive growth, and hinted that the…
Atom Bank plans £40m shareholder fundraise in prep for future IPO

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