Funding Circle cuts pricing range for London listing - source
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LONDON (Reuters) - Peer-to-peer lender Funding Circle on Wednesday cut the price range for its initial public offering (IPO) to 440-460 pence per share, from an initial guidance of between 420-530 pence, a bookrunner on the deal said.The listing in October is expected to value Funding Circle at around 1.5 billion pounds. The first of Britain's new breed of peer-to-peer financial technology firms to seek a public float, the company backed by Danish billionaire Anders Holch Povlsen and launched..