Lending Club (LC) Price Target Raised to $31 at BTIG

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LendingClub (LC) IPO Tops $1B Following Over-Allotments

December 16, 2014 4:55 PM EST

LendingClub (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 EST

Today'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

LendingClub (LC) IPO Now Indicated $23-$25

December 11, 2014 10:31 AM EST

The indicated price rage on today's IPO for LendingClub (NYSE: LC) continues moving higher. Now the IPO indicated to open $23-$25 after pricing at $15

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LendingClub (LC) Opening Price Moving Higher

December 11, 2014 10:23 AM EST

The indicated price range on today's IPO for LendingClub (NYSE: LC) continues moving higher. Now the IPO is indicated to open $22-$24 after pricing at $15

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LendingClub (LC) IPO Indicated to Open Sharply Higher

December 11, 2014 10:10 AM EST

LendingClub (NYSE: LC) IPO indicated to open $20-$22 after pricing at $15

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BTIG Starts Lending Club (LC) at Buy; Sees Rapid Revenue Growth Continuing

December 11, 2014 8:36 AM EST

BTIG 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... More