Pleo IPO - Private Equity Investing | Linqto Private Investing

Summary*

Pleo, a Danish fintech company founded in 2015, offers expense management solutions for businesses through a platform connected to company-branded cards. The firm, valued at $4.7 billion, has recently appointed Soren Westh Lonning as its new Chief Financial Officer, signaling potential preparations for an initial public offering (IPO).

Lonning brings over 20 years of financial services experience, including his role as CFO at Chr Hansen, a publicly-listed Danish bioscience firm. His appointment is seen as a strategic move to strengthen Pleo's financial strategies and mature its processes in areas such as accounting, risk, and compliance - steps often associated with pre-IPO preparations.

While Pleo's CEO Jeppe Rindom states that the company is not rushing towards an IPO, he acknowledges that they are considering various options to fuel expansion. Rindom suggests that Pleo aims to be ready for a potential IPO by 2025, depending on market conditions. The company is closely monitoring the performance of recent tech IPOs and wants to ensure it's well-positioned when the time is right.

Pleo has raised over $434 million in funding to date and is backed by notable investors including Coatue, Bain Capital Ventures, and Thrive Capital. The company is expanding its product offerings, recently launching overdrafts for customers and exploring more credit products, which could potentially boost its appeal to investors.

As Pleo continues to grow and mature its business, the possibility of an IPO remains on the horizon. However, the company's leadership emphasizes the importance of market timing and readiness, suggesting a cautious and strategic approach to any future public offering.

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How to invest in Pleo

While Pleo's IPO prospects remain uncertain, investors eager to gain exposure to innovative fintech companies don't have to wait. At Linqto, we offer members access to interests in pre-IPO private companies, including potential leaders in the expense management and corporate card space. Our platform allows you to diversify your portfolio with lower minimum investments, potentially benefiting from the growth of emerging fintech innovators before they go public.

Sources

1 - Biztoc.com - Coinspeaker Nordic Fintech Pleo Welcomes New CFO, Increasing Hope for Potential IPO European fintech company Pleo has welcomed a new chief financial officer to expand its executive team and bolster its business offerings, CNBC reported Wednesday. According to…

2 - Biztoc.com - The Pleo app pictured on a smartphone next to one of the fintech firm's corporate cards. Danish fintech firm Pleo has appointed a new chief financial officer, the company told CNBC exclusively, beefing up its executive team — a sign the company is readying it…

3 - CNBC - Danish fintech firm Pleo has appointed a new CFO, the company told CNBC, beefing up its executive team in a sign it's readying itself for an eventual IPO.

*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.