LendingClub (LC) Raises Expected IPO Price Range to $12-$14
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LendingClub (LC) IPO Prices at $15, Above Expected Range
December 10, 2014 6:11 PM ESTLendingClub (NYSE: LC) priced its 58 million share IPO at $15 per share, above the expected $12-$14 range, which was recently raised from $10-$12. The stock is expected to open on the New York Stock Exchange Thursday under the symbol "LC."
Triton Research rates the IPO a 7.60, which was recently revised from 8.05. This versus their average IPO score of 6.57.
Morgan Stanley & Co. LLC and Goldman, Sachs & Co. will act as joint lead book-running managers and as representatives of the underwriters for the proposed offering. Citigroup Global... More
