Credit Services & Lending IPOs » By The Online Investor Staff, updated Fri., Oct. 22, 3:48 AMRecent initial public offerings in the Credit Services & Lending IPOs category.
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Slide #1. Lending Club — Initial Public Offering
Company:
Lending Club
Proposed Symbol:
LC
Shares Offered:
58,000,000
Price Per Share:
$15.00
Over-Allotment:
8,700,000
Description:
Lending Club, the world's largest online marketplace connecting borrowers and investors, today announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The number of shares to be sold and the price range for the proposed offering have not yet been determined. - updated 12/11 - Lending Club (NYSE: LC) the world's largest online marketplace connecting borrowers and investors, today announced the pricing of its initial public offering of 58,000,000 shares of common stock at a price to the public of $15.00 per share. Of the shares in the offering, 50,300,000 shares are being offered by Lending Club and 7,700,000 shares are being offered by selling stockholders. Lending Club will not receive any proceeds from the sale of shares by the selling stockholders. The shares are expected to begin trading on the New York Stock Exchange on December 11, 2014 under the symbol "LC." In addition, the underwriters have a 30-day option to purchase up to 8,700,000 additional shares of common stock at the initial public offering price to cover over-allotments, if any.
