LendingClub (LC) IPO Adds to Yesterday's Gains
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LendingClub (LC) IPO Tops $1B Following Over-Allotments
December 16, 2014 4:55 PM ESTLendingClub (NYSE: LC) announced the closing of its initial public offering and the exercise in full of the underwriters' option to purchase an additional 8,700,000 shares from Lending Club. After the underwriters' exercise of the option to purchase additional shares, a total of... More
IPO for Peer-to-Peer Lender LendingClub (LC) Opens Up 65%
December 11, 2014 10:40 AM ESTToday's IPO for leading peer-to-peer lender LendingClub (NYSE: LC) opened for trading at $24.75 after pricing its 58 million share IPO at $15 per share, above the expected $12-$14 range, which was recently raised from $10-$12.
Triton Research rates the IPO a 7.60, which was recently revised from 8.05. This versus their average IPO score of 6.57. Meanwhile, BTIG launched pre-IPO coverage on the stock with a Buy rating and $19 price target,... More
