IPO for Peer-to-Peer Lender LendingClub (LC) Opens Up 65%
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/23/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
Lending Club (LC) Price Target Raised to $31 at BTIG
December 15, 2014 8:37 AM ESTBTIG maintained a Buy rating on Lending Club (NYSE: LC) and raised its price target to $31.00 (from $19.00).
Analyst Mark Palmer said, "We observed that during the company's pre-IPO ventureround capital raises, its valuation was consistently between 0.8x and 0.9x its total origination figure. Even the $15 price at which LC went public translated... More
LendingClub (LC) IPO Adds to Yesterday's Gains
December 12, 2014 9:51 AM ESTYesterday's IPO for peer-to-peer lender LendingClub (NYSE: LC) is adding to yesterday's gains. After jumping 56% on its debut, shares are up another 4% today to $24.39. The post IPO high was $25.44.
LendingClub (LC) IPO Indicated to Open Sharply Higher
December 11, 2014 10:10 AM ESTLendingClub (NYSE: LC) IPO indicated to open $20-$22 after pricing at $15
... MoreBTIG Starts Lending Club (LC) at Buy; Sees Rapid Revenue Growth Continuing
December 11, 2014 8:36 AM ESTBTIG starts Lending Club (NYSE: LC) with a Buy rating and price target of $19. The firm noted the following key points:
We believe LC should be able to sustain the rapid pace of revenue growth it has exhibited during the past few years as it expands its platform from prime-based installment loans to other areas of the... MoreLendingClub (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
