Monday, December 1, 2014

LendingClub Sets IPO Range

San Francisco-based online, peer-to-peer lending site LendingClub has set its anticipated IPO range, saying it now expects its IPO to be priced between $10.00 and $12.00 per share. The company is offering up a total of 57,700,000 shares in its IPO, and plans to list on the New York Stock Exchange as LC. LendingClub is venture backed by Norwest Venture Partners, Canaan Partners, Foundation Capital, Morgenthaler Ventures, among others.