On Deck Capital (ONDK) IPO Opens Up 33%
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OnDeck Capital (ONDK) Founder: 'I was Driven to Empower the American Dream'
December 17, 2014 12:55 PM ESTOnDeck Capital (NYSE: ONDK) Founder Mitch Jacobs spoke with FOX Business Network's (FBN) Maria Bartiromo about OnDeck going public today. Jacobs said, "I founded this company on my in-laws kitchen table, my daughter had just been born and I've been in financial technology for twenty years and I was driven to empower the American dream." Jacobs went on to talk about regulations saying, "The amazing thing for... More
On Deck Capital (ONDK) IPO Prices at $20, Above Expected Range
December 17, 2014 9:05 AM ESTOn Deck Capital, Inc. (NYSE: ONDK) announced that it has priced its initial public offering of 10,000,000 shares of its common stock at a price to the public of $20 per share, above the expected $16-$18 range. The shares are expected to begin trading on The New York Stock Exchange this morning under the ticker symbol "ONDK."
All of the shares are being offered by OnDeck. In addition, OnDeck... More
Dick Bove Sees a Financial Disaster Developing Bigger Than 2008
December 16, 2014 5:46 PM ESTRafferty Capital Markets Equity Research Analyst Dick Bove spoke with FOX Business Networks (FBN) Maria Bartiromo regarding peer-to-peer lending and bank regulation. When asked about peer-to-peer lending being a hot space Bove said, "the U.S. government is actually prohibiting banks from lending money in certain sectors," and now we've got companies "who've come up with innovative ideas as to how to provide that money to people who need it." Bove also commented on regulation saying, "we have built so much risk into the financial system, that we're setting ourselves up for a disaster bigger than 2008."
Excerpts... More
