OnDeck IPO Cashing In On Alternative Lending Boom Read More At Investor's Business D
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  1. #1
    Senior Member Reputation points: 13596 isaacdstern's Avatar
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    OnDeck IPO Cashing In On Alternative Lending Boom Read More At Investor's Business D


  2. #2
    "We need banking, we just don't need banks." Maybe bill gates prediction was correct. The online marketplace is going to grow rapidly in the coming years

  3. #3

  4. #4
    Senior Member Reputation points: 13596 isaacdstern's Avatar
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    I think they are pricing it tonight

  5. #5
    Senior Member Reputation points: 17416
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    Tomorrow looks like a rough day to IPO. Turmoil in Russia and the Fed will be meeting as well.

  6. #6
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    The average size of a term loan was $44,602 and the average size of a line of credit extended to our customers was $15,944.
    Anyone seen OnDeck's credit line out in the wild? How does it work?

  7. #7
    Senior Member Reputation points: 52185 ADiamond's Avatar
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    i think noah was on bloomberg tv earlier tonight. can't wait to see where it brings the industry
    Anthony Diamond
    Underwriter

  8. #8
    Senior Member Reputation points: 13596 isaacdstern's Avatar
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    OnDeck IPO Cashing In On Alternative Lending Boom Read More At Investor's Business D

    $20 per share


    http://www.rttnews.com/2432080/on-deck-capital-prices-ipo-at-20-00-per-share-quick-facts.aspx

  9. #9

  10. #10
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    Quote Originally Posted by jason View Post
    Anyone seen OnDeck's credit line out in the wild? How does it work?
    Max 35k. 29.99% APR I was told they do not really make any money on it (imagine that! lol) , they use it to grab market share, entice them with the line of credit and then get them to take a loan a month or 2 later

  11. #11
    Senior Member Reputation points: 13596 isaacdstern's Avatar
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    Opening at $20
    Attached Images Attached Images
    Last edited by isaacdstern; 12-17-2014 at 09:46 AM.

  12. #12

  13. #13
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    Isaac,

    Stop posting these updates!!!

    Ondeck going public is terrible for the industry as a whole and I guess I cant believe a company that is designed to lose money and run like an out of control train will have a few Billion in market cap by the close of the day

  14. #14
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    who is buying their stock today? be honest.

  15. #15
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    When does it go live?

  16. #16
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    it's live already

  17. #17
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    opened at $26.50. ipo price was $20

  18. #18
    Senior Member Reputation points: 13596 isaacdstern's Avatar
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    just opened at $26.50

  19. #19
    Whether you like ODC or not it's still a monumental step for the industry in terms of public awareness- first lending club now ODC who's next...
    Last edited by MCAVeteran; 12-17-2014 at 10:42 AM. Reason: Edit

  20. #20

  21. #21
    Senior Member Reputation points: 2019 Lenders.Marketing's Avatar
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    On Deck Capital, Inc. Stock Quote & Summary Data

    ONDK

    $27.2101

    *Delayed - data as of Dec. 17, 2014 10:53 ET

    Read more: http://www.nasdaq.com/symbol/ondk#ixzz3MAkF4BCb
    3110 Main Street
    Building C
    Santa Monica, CA 90405

    info@lendersmarketing.com
    www.lendersmarketing.com

    Direct (805) 765-6459
    Toll-Free (888) 988-2867
    Fax Number (818) 925-9686

    We connect Lenders with their future clients


    Check out how our Business Loan Triggers work:
    http://www.lendersmarketing.com/busi...-triggers.html

  22. #22
    Quote Originally Posted by Lenders.Marketing View Post
    On Deck Capital, Inc. Stock Quote & Summary Data

    ONDK

    $27.2101

    *Delayed - data as of Dec. 17, 2014 10:53 ET

    Read more: http://www.nasdaq.com/symbol/ondk#ixzz3MAkF4BCb
    So much d=for shorting the stock!!! RIGHT
    Florin C. Vicol
    High Tech Capital LLC
    Ph: (732) 610-3202
    Fax (347) 287-6884
    Email: fvicol@hightechfundingllc.com
    http://www.hightechfundingllc.com

  23. #23
    So much for shorting the stuck. Go LONG BRO
    Florin C. Vicol
    High Tech Capital LLC
    Ph: (732) 610-3202
    Fax (347) 287-6884
    Email: fvicol@hightechfundingllc.com
    http://www.hightechfundingllc.com

  24. #24
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by Hi Tech-Florin View Post
    So much for shorting the stuck. Go LONG BRO
    Too early to make that claim. Supposed to shoot up on the opening. Let me see it in 30 days.

  25. #25
    Ok, Lets chat in 30 days. They priced at $20.00, way above the prospectus of $16 a share.
    Florin C. Vicol
    High Tech Capital LLC
    Ph: (732) 610-3202
    Fax (347) 287-6884
    Email: fvicol@hightechfundingllc.com
    http://www.hightechfundingllc.com

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