OnDeck Capital IPO Cashes In On Alternate Lending

By | December 17, 2014

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OnDeck Capital cashed in on its IPO Wednesday, adding more fuel to a booming trend of companies providing online platforms that connect lenders with borrowers, as the initial public offering market is ending a big year with a bang. OnDeck (ONDK) raised $200 million, offering 10 million shares at 20, above its estimated range of 16-18. The stock closed at 27.98, up 40%. OnDeck arranges small-business loans via its online platform. Its investors Scalper1 News

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