I also wonder how many investors of their retail peer to peer platform they burnt along the way. I have been investing in Plenti's P2P offering since 2016 and have been pulling out my investments for at least nine months now, looking for better returns elsewhere.
They invited all retail lenders to invest during the IPO and many, myself included, are still sitting on a paper loss. So you got the double whammy of a bad IPO and interest rates in the P2P platform decreasing as they move towards more warehouse lending. (Top of of ca.10% for 5 years loans down to 4% now). I think they will turn into just another lender now and I am looking for an exit around the IPO price.
PLT Price at posting:
$1.48 Sentiment: Hold Disclosure: Held
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