Lending Club Could Make Financial IPOs "Cool" and "Sexy"

“Finance venture capital investing just isn’t that sexy,” Kyle Zasky of New York’s SenaHill Partners said at a recent Options Alliance forum on financial sector VC investing held in Chicago. But the upcoming Lending Club Initial Public Offering, scheduled to price tonight and IPO Thursday, could change all that.

Lending Club’s pre-IPO price range

As the price of Lending Club is reported to be nearing the upper end of its pre-IPO range, at $14 per share, the company has set about a path to revolutionize banking by disintermediating the traditional brick and mortar banker. But perhaps more significant is that there is an optimism in the air that financial IPOs – often ignored and stepped...