Lending Club has priced shares in its initial public offering at $15, above the $12-$14 range set out by the company earlier in the week, itself already raised from initial price guidance.
At that price, Lending Club – the world’s biggest peer-to-peer lender – will raise $870 million when trading starts in New York later.
The size of the offering has already been increased, and the underwriters have the option of increasing it further depending on demand.
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