Scalper1 News
Lending Club cashed in on a hot market for initial public offerings and put the spotlight on an emerging group of companies with online platforms that connect borrowers with lenders. Lending Club (LC) raised $865.5 million, the first IPO in the category of peer-to-peer lending. The San Francisco-based company priced 57.7 million shares at 15, above the high end of its upwardly revised range of 12-14. Lending Club opened at 24.75 Scalper1 News
Scalper1 News