Today, the auto loans platform Lendbuzz filed for an IPO in the U.S., making it the newest financial technology company to prepare for the public markets.
The offering will be led by Goldman Sachs, J.P. Morgan, RBC Capital Markets, and Mizuho and Lendbuzz will be listed on the Nasdaq with the ticker “LBZZ.”
Following the successful completion of its $266 million securitization, George Sclavos, Lendbuzz CFO said, “We are proud to have closed another successful transaction that deepens our access to diverse funding sources. Our ability to continue to grow our program is a testament to the strength of our investor base and a powerful testament to our investors’ confidence in our credit model.”
Since its founding in 2015, Lendbuzz has completed over $2.1 billion in publicly syndicated asset-backed securitizations and remains dedicated to expanding the program as part of its diverse funding strategy.
Lendbuzz co-founder and CEO Amitay Kalmar stated, “Since we founded Lendbuzz 10 years ago, we’ve stayed focused on improving the vehicle loan process for dealers and their customers alike. We’ve succeeded at this by relentlessly refining our ability to accurately assess a borrower’s credit risk, and by speeding up the process everywhere we can.”
By CEO NA Editorial Staff
