18.07.2018
creditshelf Aktiengesellschaft DE000A2LQUA5
DGAP-News: creditshelf Aktiengesellschaft successfully raises gross proceeds of EUR 16.5 million
DGAP-News: creditshelf Aktiengesellschaft / Key word(s): IPO
creditshelf Aktiengesellschaft successfully raises gross proceeds of EUR
16.5 million
18.07.2018 / 22:52
The issuer is solely responsible for the content of this announcement.
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UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH
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APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.
PRESS RELEASE
creditshelf Aktiengesellschaft successfully raises gross proceeds of EUR
16.5 million
* creditshelf Aktiengesellschaft has placed 206,250 shares with investors
at a fixed price of EUR 80.00 per share
* Implied market capitalization amounts to approx. EUR 106.5 million with
a free float of more than 20%
* First day of trading on Frankfurt Stock Exchange expected on July 25th,
2018
Frankfurt, July 18th, 2018 - creditshelf Aktiengesellschaft ("creditshelf"
or the "Company"; ISIN DE000A2LQUA5), a pioneer of online direct lending for
the small and medium sized enterprises ("SME") segment in Germany that
facilitates loans through a fast and easy to use online platform,
www.creditshelf.com., has placed 206,250 shares in creditshelf with
investors at a fixed price of EUR 80.00 per share.
Total gross proceeds raised in the capital increase amount to approx. EUR
16.5 million. The Company intends to use the net proceeds from the offering
to fund further development of its proprietary data-driven risk analysis
algorithm, to expand its product portfolio, to implement bank cooperations
and to increase brand awareness via increased marketing. In addition,
proceeds will be used to hire key personnel, to optimize working capital and
for certain payouts under certain employee incentive agreements.
Dr. Tim Thabe, CEO of creditshelf, comments: "Our growth strategy and
business model have been very well received by investors. Our assumption
that creditshelf as market and technology leader for digital SME financing
is operating in a very dynamic market with great potential was again
confirmed by the great investor interest. After the successful IPO, we are
now looking forward to implementing our growth strategy."
After the transaction the total market capitalization of creditshelf
Aktiengesellschaft will amount to approx. EUR 106.5 million, with a free
float of more than 20%. Approx. 39% of the total shares will remain with
Hevella Capital GmbH & Co. KGaA (controlled by Rolf Elgeti) as the largest
shareholder who will continue to act as long-term partner of creditshelf.
Based on the strong demand, the backstop order previously provided by
Hevella Capital, was not utilized. However, Obotritia Capital KGaA
(controlled by Rolf Elgeti) has decided to subscribe for an additional
amount of approx. EUR 1.5 million underlining its strong support for the
Company. The founders Dr. Tim Thabe (via LDT Investment UG) and Dr. Daniel
Bartsch (via DBR Investment UG) will hold 19.6% and 18.3% after the IPO.
Retail investors that placed orders with Commerzbank were allocated
approximately 20% of the total placement volume of, in aggregate, 206,250
shares. All orders from retail investors will receive an allocation of
approximately 90% of the respective order volume. The "Principles Governing
the Allocation of Share Issues to Private Investors'' were observed and the
allocation to retail investors in connection with the offering followed the
same criteria for Commerzbank and their affiliated institutions.
Trading in the shares on the regulated market (Prime Standard) of the
Frankfurt Stock Exchange is expected to commence on July 25th, 2018. The
securities identification number (WKN) is A2LQUA, the international
securities identification number (ISIN) is DE000A2LQUA5 and the trading
symbol is CSQ.
Commerzbank acts as Sole Global Coordinator and Sole Bookrunner. Lazard acts
as Financial Advisor to creditshelf.
About creditshelf
creditshelf is a pioneer of online direct lending for the small and medium
sized enterprises ("SME") segment in Germany that facilitates loans through
a fast and easy to use online platform, www.creditshelf.com. Founded in
2014, creditshelf is based in Frankfurt am Main, Germany and considers
itself the market- and technology leader in the fast-growing German online
direct lending segment for SME loans. creditshelf's platform ("creditshelf
Platform") is designed to match the financing needs of German SME borrowers
with investors willing to invest in SME loan receivables. In this process
creditshelf offers to broker unsecured loans and thereby acts as an
intermediary offering access to a highly attractive funding alternative for
SMEs. At the same time, it offers access to the SME loan asset class for
professional investors seeking for attractive investment opportunities.
creditshelf's main competences are selecting suitable credit projects,
analyzing the creditworthiness of potential borrowers, providing a credit
scoring as well as an indicative coupon range. For its services, creditshelf
receives fees from both, SME borrowers as well as from investors.
In the period from the launch of the creditshelf Platform in 2015 until end
of Q1 2018, creditshelf received in total more than 1,100 loan applications
with a total requested volume of approx. EUR 900 million. In total, 127
loans have been brokered through the creditshelf Platform with a total
volume of approx. EUR 58 million.
creditshelf considers itself to be ideally positioned for future growth due
to the high scalability of its platform business model, the strong demand
from SME borrowers and the low market place lending penetration in the
German SME segment to date. In addition, the Company has identified three
pillars of additional growth: software development, potential future bank
cooperations and a potential product portfolio expansion.
Contact:
cometis AG
Maximilian Franz
Telephone: +49(0)611 - 205855-22
Fax: +49(0)611 - 205855-66
Email: [email protected]
DISCLAIMER
These materials may not be published, distributed or transmitted in the
United States, Canada, Australia or Japan. These materials do not constitute
an offer of securities for sale or a solicitation of an offer to purchase
securities (the "Securities") of creditshelf Aktiengesellschaft (the
"Company") in the United States, Australia, Canada or any other jurisdiction
in which such offer or solicitation is unlawful. The Securities of the
Company may not be offered or sold in the United States absent registration
or an exemption from registration under the U.S. Securities Act of 1933, as
amended (the "Securities Act"). The Securities of the Company have not been,
and will not be, registered under the Securities Act. There will be no
public offering of the securities in the United States. The securities
referred to herein may not be offered or sold in Australia, Canada or Japan
or to, or for the account or benefit of, any national, resident or citizen
of Australia, Canada or Japan subject to certain exceptions.
In the United Kingdom, this document is only being distributed to and is
only directed at persons who (i) are investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling
within Article 49(2)(a) to (d) of the Order (high net worth companies,
unincorporated associations, etc.) (all such persons together being referred
to as "Relevant Persons"). This document is directed only at Relevant
Persons and must not be acted on or relied on by persons who are not
Relevant Persons. Any investment or investment activity to which this
document relates is available only to Relevant Persons and will be engaged
in only with Relevant Persons.
In any EEA Member State other than Germany and Luxembourg that has
implemented the Directive 2033/71/EC, as amended by Directive 2010/73/EC
(the "Prospectus Directive"), this document is only addressed to and is only
directed at "qualified investors" in that Member State within the meaning of
Article 2(1)(e) of the Prospectus Directive.
This publication constitutes neither an offer to sell nor a solicitation to
buy any securities. The securities have already been sold.
This document contains forward-looking statements. These statements are
based on the current views, expectations, assumptions and information of the
management of the Company. Forward-looking statements should not be
construed as a promise of future results and developments and involve known
and unknown risks and uncertainties. Various factors could cause actual
future results, performance or events to differ materially from those
described in these statements, and neither the Company nor any other person
accepts any responsibility for the accuracy of the opinions expressed in
this document or the underlying assumptions. The Company does not assume any
obligations to update any forward-looking statements.
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18.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
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Language: English
Company: creditshelf Aktiengesellschaft
Mainzer Landstrasse 33a
60329 Frankfurt/Main
Germany
E-mail: [email protected]
Internet: www.creditshelf.com
ISIN: DE000A2LQUA5
WKN: A2LQUA
Listed: Regulated Market in Frankfurt (Prime Standard)
Notierung vorgesehen / intended to be listed
End of News DGAP News Service
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