Don't know if anyone else has been mulling the Funding Circle prospectus. The key figure is an EV of 13x current year revenue, and another 300 million of cash to fund more IT and marketing.

As a business, I rate Funding Circle the pick of the bunch of the peer to peer lending businesses in this country. But a market cap of around 1.5 billion just feels too rich to me. Anyone else have any thoughts?

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