The Lending Club was listed on the NYSE, with a 56% rise in share prices

Source: Internet
Author: User
Keywords Stock price listing NYSE CLUB rally first day lending
Tags agency ipo it is listed listed in listing market network
Absrtact: The Day The Stranger landed on Nasdaq, the world's largest peer-to-peer network lending agency Lending Club was also listed on the NYSE. Prior to the IPO, the Lending Club had raised its offering price continuously, but the market was still feverish. It is reported that the Lending Club eventually issued in 15 U.S. dollars, while

On the day of the "Stranger" landing on the Nasdaq, the world's largest peer-to-peer network lending agency, Lending Club, was also listed on the NYSE. Prior to the IPO, the Lending Club had raised its offering price continuously, but the market was still feverish. It is reported that the Lending Club eventually issued 15 U.S. dollars, and the first day of the report reached 23.43 U.S. dollars, more than the IPO price rose 56.2%. The lowest price of the day is 22.31 U.S. dollars, the highest of 25.44 U.S. dollars, the trend is relatively stable. Turnover of nearly 45 million shares, the market value of 8.5 billion U.S. dollars.

As a Peer-to-peer network loan field star, lending CLub was founded in 2007. Founder Laplanche, Renaud Laplanche, was surprised by the high borrowing costs of bank cards. In the 7 years since its inception, the lending Club has set up a loan of 5 billion dollars and paid nearly 500 million dollars in interest to lenders. In the first half of this year alone, the lending CLub's new loans and revenues reached $1.8 billion trillion and 86.9 million dollars respectively. In its march, all the way crushed Prosper and other predecessors. In the first three quarters of this year, net revenue from the lending Club doubled to 144 million dollars. The company has made a profit last year, even though it has lost money so far this year.

The lending CLub's lending market has attracted the participation of many traditional financial institutions. More and more institutional investors, including many well-known mutual funds and hedge funds, have become the most mainstream lenders on the lending CLub. These institutions could have been the object of subversion at the lending CLub.

In addition, Lending Club's board of directors is also quite dazzling, including from Kleiner's internet queen Mary Meeker, Morgan Stanley's former chairman and CEO John Mack, and former Treasury secretary Larry Summers.

The lending Club's stock price was a bit of a headache, as the NYSE had no precedent of its own, so underwriters could only measure their performance against non-financial start-ups. However, after the Lending Club's successful IPO, other similar players will presumably follow Double-dipping, Prosper, Deck Capital may attract more investment. And this for the Chinese market Peer-to-peer company is also a good news, the current walk in the first camp of the letter, Lu Jin, such as peer-to-peer do not know how far away from the listing?




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