Scalper1 News
Small-business lender OnDeck Capital cashed in on its IPO Wednesday. OnDeck (ONDK) priced 10 million shares at 20, above its estimated range of 16 to 18, raising $200 million. In late-morning trading, OnDeck was near 27.80, up 39%, on the stock market today. OnDeck arranges small-business loans through its online platform. Its investors include Google (GOOGL) and SAP (SAP). This is the second IPO in the alternative lending market. Lending Club Scalper1 News
Scalper1 News