Lending Club IPO Taps Into Quick-Cash-Is-King Boom

By | December 7, 2014

Scalper1 News

Consumers looking to borrow money at below-average interest rates are increasingly turning to a fast-growing group of online lenders. Among them is Lending Club, which has arranged more than $6 billion in loans since its founding in 2007. Lending Club will soon get its own infusion of cash with an initial public offering this week. The San Francisco-based company plans to raise $635 million by offering 57.7 million shares at a price range of 10 to Scalper1 News

Scalper1 News