Results 1 to 6 of 6
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12-04-2014, 01:59 PM #1
OnDeck, an Alternative Lending Platform, Sets I.P.O. Range
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12-04-2014, 02:01 PM #2
- Join Date
- Jun 2014
- Posts
- 195
short it Isaac
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12-04-2014, 03:56 PM #3
I have heard that same line from quite a few folks
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12-05-2014, 06:54 AM #4
OnDeck Capital Boosts Size of Planned IPO to $207 Million
Fast-Growing Online Small-Business Lender Plans to Offer 10 Million Shares
By
Angela Chen
Dec. 4, 2014 8:39 a.m. ET
0 COMMENTS
Web-based lender OnDeck Capital boosted the amount it intends to raise in its initial public offering to $207 million as it set the deal’s estimated terms.
The fast-growing, but unprofitable, company said it expects to offer 10 million shares at $16 to $18 a share and will give underwriters the right to purchase up to an additional 1.5 million shares.
The small-business lender filed for an IPO last month, amid strong investor interest in nonbank lending companies. The company had previously guided for a $150 million offering.
OnDeck uses proprietary software and “big data” to evaluate credit risk, while it collects from borrowers with electronic-payment technology. Backers include Google Ventures and PayPal co-founder Peter Thiel.
OnDeck has been growing quickly, but is still losing money. For the six months ended June 30, OnDeck Capital’s revenue rose $20 million to $64.5 million, but its loss widened to $14.4 million from $13.7 million.
The Wall Street Journal reported in August that OnDeck’s planned IPO could value the business at about $1.5 billion. Underwriters for OnDeck’s planned IPO include Morgan Stanley and Merrill Lynch.
The company plans to list its shares on the New York Stock Exchange under the symbol ONDK.
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12-08-2014, 09:49 AM #5
- Join Date
- Jul 2013
- Posts
- 352
IPO Date is set for next Wednesday the 17th
http://www.nasdaq.com/article/on-dec...ublic-cm419724
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12-08-2014, 01:04 PM #6
This is exciting. I wonder how this will effect On Deck, and subsequently, the industry as a whole.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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