Thursday, December 11, 2014

Lending Club Prices IPO

San Francisco-based Lending Club, which operates an onine, peer-to-peer marketplace for loans, has priced its IPO, saying that it will sell 58,000,000 shares of its common stock at $15.00 per share. The company will start trading on the New York Stock Exchange this morning as LC. Lending Club was venture backed by Canaan Partners, Foundation Capital, Kleiner Perkins Caufield and Byers, Morgenthaler Ventures, Norwest Venture Partners, Union Square Ventures.