The future looks compelling for Lending Club as it heads to an IPO, a Sterne Agee report indicates, while issues regarding investment transparency are not entirely relevant, the report’s author said today.
Hurdles for Lending Club to expand its product
In a pre-IPO report today Sterne Agee said there was little in the way of Lending Club to expand its product line into other loan categories such as student and auto loans, as analyst Henry Coffey, Jr. expects the IPO to be priced between $13 and $17 per share, prices that are above the current filing range.
“Lending club has an interesting value proposition in that they can lower...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
