The firm filed a registration statement with the Securities and Exchange Commission and intends to list its common stock on the Nasdaq Global Select Market under the ticker symbol “LBZZ,” according to a Friday (Sept. 12) press release.
Lendbuzz has not determined the amount of common stock to be offered or the price range for the proposed offering, according to the release.
“Lendbuzz expects to complete the public offering after the SEC completes its review process, subject to market and other conditions,” the release said. “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 company uses artificial intelligence and machine learning algorithms to assess consumer credit risk, according to the release. By more accurately predicting a consumer’s creditworthiness, it helps consumers access…
