LendingClub (LC) IPO Adds to Yesterday's Gains

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Go back to LendingClub (LC) IPO Adds to Yesterday's Gains

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