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...]
Note: Post may contain affiliate links.
Must Read Peer Lending News this Week
Must read peer lending news is a weekly post on Tuesdays highlighting the biggest and most interesting stories throughout the peer lending industry. I've summarized each article but please click through for more information. Be sure to share the post with others in the industry and let me know if I've missed any important news. Register on our email list to get all the most important news … [Read more...]
How Much is Lending Club Stock Worth?
Lending Club, the largest peer lending platform in America, will issue shares on the New York Stock Exchange soon and the pundits are sure to offer up all kinds of predictions on how much the shares will be worth. Use this infographic and your own analysis for how much you think the stock could fetch. I’ve included more detail on my own analysis below the infographic. Insert this … [Read more...]
