On Monday, Lending Club explained to retail investors how they could participate in their upcoming IPO. They did not choose Loyal3 as many people expected, but instead their shares will be available through Fidelity.
I admit I have not been following this closely this week. I have been in London for the LendIt Europe conference and have been very much pre-occupied with that. Anyway, Ryan over at Peer & Social Lending has an excellent write up of how to register for the IPO – you can read all the details there.
There is a deadline to register – it is 12 noon PT this Sunday, November 23. So, I wanted to let you know as soon as I could. Below is a graphic of the email that was sent out by Lending Club on Monday that has more information.
[Update Nov 25, 2014: I just received the following email today from Fidelity with steps needed to participate in the Lending Club IPO Directed Share Program. You will only receive this email if you had followed the steps above by last Sunday.]
[Update Dec 1, 2014: Lending Club released a new S-1 with more details about the IPO.]
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.