Creditshelf, a German platform unique for its focus on bigger-ticket SME lending, was last week linked with a listing.

Creditshelf aims to raise $17 million to $23 million through floating its shares on the regulated market, prime standard, of the Frankfurt Stock Exchange. 

The company said that the initial public offering (IPO) will enable it to execute its growth strategy based on well-defined pillars such as software investments, product portfolio expansions, and the implementation of banking cooperations approximately $577 million in arranged credit volume per year.

The IPO is scheduled for the third quarter of 2018.