LendingClub goes IPO today!

LendingClub goes IPO today!

LendingClub went IPO this morning at $15 per share, raising $870 million dollars. The stock opened at $24.72 and closed at $23.43 today, a 56.2% gain from the IPO price. It’s a landmark moment for peer-to-peer lending. At Nav, we believe this is just the beginning of P2P lending going mainstream.

LendingClub is a classic example of disruption. LendingClub started with credit card debt consolidation. Borrowers get better interest rates than their credit cards and lenders earn a much higher return than bank CDs. They proved this model can scale to billions for consumer loans and they are applying the same model to business loans. Once they corner all the different lending markets, maybe one day we don’t need banks any more.

Here is the roundup of what industry experts have to say about LendingClub IPO:

Opportunity to Transform Banking: Interview with LendingClub CEO.

Congratulations! LendingClub Foundation Capital’s Charles Moldow shares why he invested in LendingClub (as a venture investor).

Mainstreet Wednesday: LendingClub IPO and Brick and Mortar Small Business Lender SBA expert Bob Coleman weighs in .

Thoughts from Industry Leaders About the Lending Club IPO Founders of Prosper, FundingCircle, Upstart weigh in.

What does LendingClub’s IPO mean for Small Businesses Here are some tips for small business owners (from me).

How Non-Bank Lenders Can Serve Small Businesses Better A very informative interview with CEO of Dealstruck.

LendingClub set to debut and industry is watching Thoughts from Peter Renton, Founder of Lendcademy and others.

LendingClub’s big VC winners Here is how many times each venture investor made according to EquityZen research.

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