Existing investors are expected to make tens of millions of dollars when the innovative, disruptive peer-to-peer lender raises a sum expected to be in the region of US$650m. The float of the San Francisco-based company is seen as marking a milestone in the development of this sector.
From Paris to New York
Renaud Laplance, 44, is the largest shareholder and could find his holding worth $160m if the shares are valued at the latest guide price. He studied in France and at the London Business School, and worked at Cleary Gottlieb Steen & Hamilton as a securities lawyer between 1995 and 1999, first in Paris and then in New York. Source: Financial Times
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