After the explosive growth this year, it would be hard to say that the industry could grow even faster next year but there is a good chance that it may happen for peer lending 2015. Not only have two successful IPOs brought media attention and new capital to the space, a shifting rate environment and strengthening economy may bring added benefits to investors and borrowers. I’ve talked with … [Read more...]
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Must Read Peer Lending News of the Week
The big news last week was the initial public offering of Lending Club stock on the New York Stock Exchange. The IPO went very well and the world’s largest marketplace lender is now a whole lot larger. Shares jumped 56% on the day and the company raised $865 million dollars from the offer. At an enterprise value of about 60 times expected 2014 sales around $165 million, its not cheap but the … [Read more...]
Lending Club IPO Jumps and Other Peer News
Below is a summary of some of the best and most important peer lending news I’ve seen over the last week. Each summary below includes a link to the original article or news piece, click through for more information. New Statistics for Lending Club Lending Club released a new statistics page recently for investors. The new interactive features are helpful and make the site much more dynamic. … [Read more...]
