Auto finance company Lendbuzz has filed a registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO).
The Boston-based fintech, which uses AI to assess loan applications for car buyers with limited credit history, plans to list its common stock on the Nasdaq Global Select Market under the ticker symbol LBZZ.
In a statement on the filing, Lendbuzz confirms that the amount of common stock and the price range for the proposed listing “have not yet been determined”, while the move remains subject to SEC approval. “There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering,” the statement continues.
Lendbuzz has enlisted Goldman Sachs, JP Morgan, RBC Capital Markets, and Mizuho as lead book-running managers for the proposed offering, while TD Securities, Citizens Capital Markets, Keefe, Bruyette and Woods, and Needham and Company are to act as passive bookrunners.
The company, founded in 2015 by CEO Amitay Kalmar and CTO Dan Raviv, previously worked with these four lead bookrunners during a $262 million asset-backed securitisation in January this year. Prior to this, Lendbuzz bagged $400 million through a forward flow programme inked with Viola Credit in August 2024.
Fellow US fintech Chime notably raked in $846 million during its Nasdaq debut in June, while Swedish fintech Klarna secured $1.37 billion when it launched on the New York Stock Exchange earlier this month, after filing its Form F-1 registration statement with the SEC in March.
Source: https://www.fintechfutures.com/
