FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Lending Club Files For IPO, But Offers Little Insight

Ian KarbyIan Kar
August 28, 2014
in Lending
Reading Time: 1 min read
0
Share on Facebook

blackedout_textLending Club has filed a $500 million IPO, according to S-1 filings sent to the SEC.

Interestingly, Lending Club’s S-1 filing lacks key information that might give insight into the still-private company.

The New York Times noted that the S-1 did not include “the price range that the company will seek for its shares, which of its existing investors plan to sell their holdings, and on which exchange the company will list.” The S-1 also failed to identify a potential ticker symbol as well. While all of this information can be amended over time before the IPO, it is an interesting decision by Lending Club to not publish this information in the initial filing.

The S-1 did mention that Lending Club hopes to target the IPO in the $500 million range, propelling Lending Club to the upper echelon of publicly traded Internet companies. The filing also gave a peek into Lending Club’s drastic growth. Revenue grew 134%, to $86 million, and has originated $1.8 billion in loans in the first six months of 2014. But the cost of growth is becoming greater — Lending Club has already posted $16 million in losses for the first half of the year.

Based on a fundraising round that was held in April 2014, Lending Club was valued at $3.75 billion, and experts on Twitter have been estimating Lending Club to be priced at around $5 billion — a bit conservative by our estimates.

Tags: alternative lendingCapital & FundingIPOLending ClubProsperstartups
Previous Post

Employee PC Was the Weak Link in JPMorgan Breach

Next Post

Faster Payments Could Help Speed Economic Recovery

Related Posts

Courtesy/Axos
Lending

Axos Bank’s Jennifer Taylor to speak at FinAi Lending Summit

August 11, 2026
Lending

AI driving funding growth via credit adjudication

August 5, 2026
(AI-generated/ChatGPT)
Lending

Upstart automated nearly 91% of loans with AI in Q2

August 5, 2026
Next Post

Faster Payments Could Help Speed Economic Recovery

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account