Daniel Rosensweig, president and CEO of Chegg, said most tech companies aren't even getting valuations in the first place.» Read More
Dec 11- Shares of LendingClub Corp, the world's largest online marketplace that connects borrowers and investors, rose as much as 67 percent in their debut, valuing the company at more than $9 billion. The initial public offering of 58 million shares raised $870 million after being priced at $15 per share, well above the expected range of $12- $14.
Renaud Laplanche, LendingClub founder & CEO, discusses the overall process of taking LendingClub public and the ambitions of the peer-to-peer lending platform.
CNBC's Bob Pisani reports LendingClub's IPO opens higher than expected at $24.72.
LendingClub's IPO is pricing above its expected range, reports CNBC's Bob Pisani.
The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 1.2 percent, to 3,183.01, while the Shanghai Composite Index lost 0.5 percent, to 2,925.74 points. Among the most active stocks in Shanghai were Baotou Steel, up 6.0 percent to 4.45 yuan; China Shipbuilding, down 0.8 percent to 8.39 yuan and Hainan Airline, up 9.9 percent to 3.44 yuan.
SHANGHAI, Dec 11- China stocks fell on Thursday on concerns over market liquidity after a slew of new listings were approved, and trading volumes continued to plummet from an all-time high on Dec 9. China's securities regulator approved ahead of schedule 12 IPOs late on Wednesday, a move which could cool a blistering rally in the country's stock markets which has...
Lim Chung Chun, Chairman and CEO of Singapore-based wealth management platform iFAST, discusses the performance of its stock and outlines plans to use the proceeds raised from the IPO.
Dec 10- The initial public offering of LendingClub Corp, the world's largest online marketplace directly connecting borrowers and investors, was priced at $15 per share, above its expected price range of $12- $14. The company's shareholders include Norwest Venture Partners, Foundation Capital LP, Morgenthaler Venture Partners and Canaan LP.
Dec 10- The initial public offering of LendingClub Corp, the world's largest online marketplace directly connecting borrowers and investors, was priced at $15 per share, above its expected price range of $12- $14, underwriters said. The company's shareholders include Norwest Venture Partners, Foundation Capital LP, Morgenthaler Venture Partners and Canaan...
Without another Alibaba in the pipeline, 2015 IPOs could get a boost from companies similar to LendingClub.
Maria Pinelli, global vice chair of strategic growth markets at EY, says this year's IPO market is softer than anticipated going into the year end, but mergers and acquisitions remain strong.
Dickie Wong, Executive Director of Kingston Securities, discusses the market debut of CGN Power in Hong Kong Wednesday.
Philippe Espinasse, Author of "IPO: A Global Guide", discusses the performance of China's largest nuclear power producer in its market debut on Wednesday.
HONG KONG, Dec 9- Shengjing Bank, a commercial lender owned by Chinese municipal governments, is seeking to raise about $1.3 bln in a Hong Kong initial public offering, IFR reported on Tuesday. The company is expected to start book-building later this week or early next week and the IPO is expected to be priced before Christmas, IFR, a Thomson Reuters publication,...
Technology investors are gearing up for a holiday shopping spree. LendingClub headlines a banner week for Internet IPOs.
HONG KONG, Dec 8- Dalian Wanda Commercial Properties Co Ltd, the world's second largest developer of shopping malls and office buildings, cut the size of its Hong Kong IPO by around a third to $3.9 billion to lure investors worried about its huge debt, analysts said. "Investors will be concerned about the debt," said Alvin Cheung, associate director at Prudential...
Jim Phillips, CEO of Midatech, talks about the company's IPO and its nanoparticle technology which could help cure diseases such as cancer.
Start-up Uber closed a new $1.2 billion round of financing, with investors valuing the company at a staggering $40 billion.
Uber has filed a document in the state of Delaware authorizing the sale of new preferred stock to investors, reports CNBC's Kayla Tausche.
Dec 4- On Deck Capital Inc, an online platform for small business lending, expects its initial public offering to be priced at $16- $18 per share, valuing the company at up to $1.19 billion. New York City- based On Deck counts RRE Ventures, First Round Capital, Google Ventures, Institutional Venture Partners, Tiger Global Private Investment Partner and SAP Ventures...