By Chris Bailey | Thursday 24 September 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
A real ramshackle range of regulatory news updates today but I focus here on Funding Circle (FCH). I first wrote about this one in the summer of last year, after I noticed an office of its during a business trip of mine in San Francisco. Suffice to say it was ‘big and bold on the second floor of a nice small scale development in the middle (and most expensive part) of the city’. In that article, I highlighted the huge IPO shocker from a 440p listing price to just 135p then. The strategic car crash continued…