IPO for Peer-to-Peer Lender LendingClub (LC) Opens Up 65%
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/28/2026
- First Financial to acquire Hickory Point Bank in $111.3M deal
- Affirm Holdings (AFRM) Tops Q4 EPS by $3.77, Beats on Revenue
- Nasdaq, S&P 500 lifted by Nvidia's forecast; investors eye speech by Fed's Warsh
- Ovintiv adds 41,000 acres in Permian and Montney deals
- Russia says it could strike UK military targets in response to Kyiv's use of British missiles
Lending Club (LC) Price Target Raised to $31 at BTIG
December 15, 2014 8:37 AM ESTBTIG maintained a Buy rating on Lending Club (NYSE: LC) and raised its price target to $31.00 (from $19.00).
Analyst Mark Palmer said, "We observed that during the company's pre-IPO ventureround capital raises, its valuation was consistently between 0.8x and 0.9x its total origination figure. Even the $15 price at which LC went public translated... More
LendingClub (LC) IPO Adds to Yesterday's Gains
December 12, 2014 9:51 AM ESTYesterday's IPO for peer-to-peer lender LendingClub (NYSE: LC) is adding to yesterday's gains. After jumping 56% on its debut, shares are up another 4% today to $24.39. The post IPO high was $25.44.
LendingClub (LC) IPO Indicated to Open Sharply Higher
December 11, 2014 10:10 AM ESTLendingClub (NYSE: LC) IPO indicated to open $20-$22 after pricing at $15
... MoreBTIG Starts Lending Club (LC) at Buy; Sees Rapid Revenue Growth Continuing
December 11, 2014 8:36 AM ESTBTIG 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... MoreLendingClub (LC) IPO Prices at $15, Above Expected Range
December 10, 2014 6:11 PM ESTLendingClub (NYSE: LC) priced its 58 million share IPO at $15 per share, above the expected $12-$14 range, which was recently raised from $10-$12. The stock is expected to open on the New York Stock Exchange Thursday under the symbol "LC."
Triton Research rates the IPO a 7.60, which was recently revised from 8.05. This versus their average IPO score of 6.57.
Morgan Stanley & Co. LLC and Goldman, Sachs & Co. will act as joint lead book-running managers and as representatives of the underwriters for the proposed offering. Citigroup Global... More
