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Prices & Quotes - UK Markets - Chrysalis Investments Limited NPV (CHRY)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 246.00p
Change Today:
5.00p
Market Cap:
1,346.29m
Sector:
Equity Investment Instruments

Chrysalis invests 35m in Starling Bank

By Sean Farrell

Date: Thursday 24 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Chrysalis Investments has spent 35m to invest in Starling Bank, the start-up operation taking on the UK's big lenders.
The investment is linked to Starling's fundraising in April that raised 322m. Chrysalis said at the time its investment adviser negotiated an option to participate which has now been exercised.

Chrysalis shares rose 4.9% to 254.83p at 12:08 BST.

In April, Starling had more than 6bn of deposits, up from 1bn a year earlier. The investment is one of two follow-on opportunities for Chrysalis flagged up in March. The other was a €30m investment in FinanceApp, also known as wefox.

Chrysalis was already an investor in Starling when it agreed the follow-on investment. Headed by Anne Boden, Starling increased revenue by 400% in the year to January and is positioned for sustainable profitability, Chrysalis said.

Nick Willamson and Richard Watts, Chrysalis's portfolio managers, said: "Starling made huge strides over 2020, seeing substantial growth in customer numbers, deposits and lending. We are delighted to continue our support of Anne and her team as they build on this success, and are optimistic about the company's future prospects."

Goldman Sachs was one of the investors in April's funding round, which valued Starling at 1.3bn. Starling has been the subject of bid speculation though Boden has said she intends to lead the bank to an initial public offering, probably in the next year.

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CHRY Market Data

Currency UK Pounds
Price 246.00p
Change Today 5.00p
52 Week High 277.00p
52 Week Low 147.38p
Volume 854,171
Shares Issued 547.27m
Market Cap 1,346.29m
Beta 0.94

Performance Indicators

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CHRY Dividends

No dividends found

Trades for 29-Nov-2021

Time Volume / Share Price
11:10 200,000 @ 246.00p
11:10 105,000 @ 245.00p
11:05 105,000 @ 245.00p
16:35 56,874 @ 246.00p
16:29 116 @ 247.00p

CHRY Key Personnel

Chair Andrew Haining