Peer to Peer Lending News Roundup – December 13, 2014

During the week I share the latest p2p lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here.

This was a week like no other I have experienced. The Lending Club IPO was front and center all week with the media covering virtually nothing else when it comes to this industry. If I thought the previous week had a lot of coverage this week was off the charts – my Google alerts picked up well over 500 stories. Also, LendAcademy.com saw its biggest week ever with traffic more than doubling over the previous week and the forum setting a new record.

I have sifted through the several hundred stories and share the most interesting ones below.

Can Lending Club IPO Pull An Alibaba (BABA)? from BidnessEtc – Comparing the Lending Club IPO to the largest IPO ever.

The Lending Club IPO is the Netscape moment for Fintech from Fintech for the Rest of Us – Putting the Lending Club IPO into historical perspective.

IPO Lending Club Pairs Investors And Loan Seekers from Investors Business Daily – A primer for readers not already aware of Lending Club.

LendingClub: The Path to IPO from EquityZen – A look at the returns of the early Lending Club investors.

Lending Club Set to Debut, and Industry Is Watching from The New York Times – On the eve of the IPO things were already looking good as Lending Club priced at $15/share.

Lending Club IPO: Finance Business Gets Tech-Stock Allure from The Wall Street Journal – Is Lending Club a finance or tech business? The WSJ points out that it is priced like a tech stock.

Lending Club banks 56% surge on debut from the Financial Times – Tracy Alloway was also on the floor of the NYSE on Thursday and filed this report as trading got under way.

The Biggest US Tech IPO Of The Year Might Not Have Happened If It Weren’t For This Guy from Business Insider – Lending Club’s first landlord traded rent for stock and introduced Renaud Laplanche to Jeff Crowe from Norwest Venture Partners.

Perseverance Pays Off: The Lending Club Story from LinkedIn – The aforementioned Jeff Crowe gives some intimate details on the history of Lending Club.

California’s top 2014 IPO: online finance disruptor Lending Club from the LA Times – The Lending Club IPO was more than twice the size of the second biggest California company to IPO this year.

4 Reasons To Avoid LendingClub Stock from Forbes – For a little bit of balance; not everyone is bullish on Lending Club.

IPO: The Day the Nation Met Lending Club from LendingMemo – Simon Cunningham was also at the NYSE on Thursday and he filed this report.

Wells Fargo a billion-dollar winner in Lending Club’s IPO from the San Francisco Business Journal – It is somewhat ironic that the biggest winner on Thursday was the largest US bank.

Marketplace Lending Takes the Main Stage from Prosper – Aaron Vermut, the CEO of Prosper, shares his thoughts on the historic day.

From the Lend Academy Forum

The Lend Academy forum is where investors go to discuss p2p lending. Below are some topics that were being discussed this week. Not surprisingly, the talk on the forum this week was also centered around the IPO.

IPO Eve. IPO Changed to $15 a share! – Many forum members participated in the IPO and there was much discussion ahead of the open.

STOCK PRICE TALK: Opened at $24.75 – Discussion of Lending Club’s stock as it opened for trading. Many investors cashed in some or all of their IPO stock.

$800M or so IPO money gonna be burnin’ a hole in their pocket – What will Lending Club do with all the money they raised in the IPO?

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JJ Hendricks
Dec. 17, 2014 2:34 pm

Good summary of the articles from major sites. I hadn’t read any of that info from Business Insider about the very early beginnings of LendingClub.