U.S. peer-to-peer lender Lending Club will list on the New York Stock Exchange next week, pricing its shares between $10 and $12 as it seeks to raise over $600 million. The initial public offering would value the company at over $4 billion.
The company matches borrowers with lenders through an online platform. Initially it attracted customers with poor credit histories, but it now counts borrowers with better credit ratings and small businesses among its clients.
http://www.thetimes.co.uk/tto/business/industries/banking/article4285225.ece (£)
