P2P Lending / NFT Lending Forum

So Lending Club has decided to change their IPO price from 12 to14 dollars, to a final price of15 dollars a share. I believe this is 30 percent higher than the original 10 dollar amount per share. I'm sure they are trying to get the original investors paid back handsomely by this increase. I don't care. I believe this company has a future. I'm in it for the long haul. What do you folks think about this stock increase? I am interested to know your thoughts. I'm in it for 325 shares.

The share price isn't important.  It's the valuation -- didn't they also sell more shares as well?

$5.4B

Based on 2013 financials I calculate the new P/E ratio to be about 740.   This is pricing in an incredible amount of growth.  They would have to grow revenue by ~30X to hit a reasonable PE ratio so 7mil x 30= 210mil  can they do this in a reasonable time frame?  If they were to double revenue every year (something they have badly failed at this year so far) if would take 5-6years growth to make the current valuation reasonable.

Still deciding weather I should take the shares, if I do it will be looking for a quick pop, definitely getting out way before the insiders shares unlock.  This is pure gambling.

from: rawraw on December 10, 2014, 08:00:36 PM

I just confirmed for 250 shares.  I had already transferred $4K to the Fidelity account, that was the maximum I was willing to spend (gamble)or (lose).  I have never bought any stock of one company directly before, only bought shares of diversified funds.  Part of me thinks I might be crazy for participating in this and part of me says go for it and take a risk.  Just like when I starting investing a bit at a time in LC loans back in March 2009 and that has worked out well for me, so far.  Does any one know what the broker fee will be?

from: brycemason on December 10, 2014, 08:03:20 PM

from: PennySaved on December 10, 2014, 09:44:00 PM

from: yojoakak on December 10, 2014, 09:44:33 PM

URGENT QUESTION!

The email says "To be eligible for an allocation of shares in this offering, you MUST confirm your indication of interest through the Directed Share web site using the link below or by calling 800-358-2670 by 5:00 AM ET tomorrow, December 11, 2014"

But the website says "Deadline: December 10, 2014 Midnight ET" and also "To remain eligible to receive an allocation of shares, you must confirm your indication of interest using the Directed Share Web Site or by calling 800-358-2670 between 6:00pm ET and midnight on the date of effectiveness and pricing, which is expected to occur on 12/10/2014."

Which is correct?

5am

after some consideration I decided not invest to the ratio of what I could gain to what I could lose just seems way too high.  Might live to regret this,best of luck to those that decide to invest.  To those that decide to stay I would strongly consider getting out before the lockup period is over (180 days).  Often IPOs tank once the insiders are allowed to sell.

from: yojoakak on December 10, 2014, 11:39:42 PM

Just got this on the website;

"The indication of interest period for the new issue you have selected is closed. You may only reduce the quantity of your indication of interest at this time."

What a complete scam, having the price go up from $10-12, then $12-14, and now $15. Typical Wall Street.

We should start finding out how many shares we have been allocated (if any) in about 15 minutes perhaps?  Oh the suspense.

To kill the time I'm going through Fidelity's site getting familiar with their order entry system.  Trailing stops are right there on the main order ticket which was a pleasant surprise.   If anyone's looking for conditional triggers and OCO orders those aren't on the main order entry screen.  You have to go to to the left navbar under 'Act' and select the 'Trade Conditional' link.  That one had me stumped for a few minutes because I wasn't expecting it to be in a whole different place.  Very barebones site but it'll do fine I think.

I don't plan on holding at this valuation.  I'm purely speculating, will sell if there is enough run up and buy back in later when some negative news or sentiment sends the stock down.

While the share allocation starts at 5am, we're not going to find out until after 9am what we our final allocation is.  If we get more than 50% of our allocations, I'll be shocked.  I suspect it will be much smaller than what we are all hoping.  I hope I'm wrong. With the re-pricing that has occurred over the past few days, I'm actually thinking this might open up over $20/share. 

from: Inflationhawk on December 11, 2014, 05:49:42 AM

from: core on December 11, 2014, 06:08:24 AM

The IPO will not start trading at the opening bell...I suspect it won't open until 11am eastern or so.

from: DanB on December 11, 2014, 06:24:08 AM

Anyone gotten any confirmation yet?

Nope not yet

In the email, it states "Payment for shares must be made by check or wire."  Could I transfer money among accounts or do ACH from bank?

from: stanny2 on December 11, 2014, 09:11:28 AM

So if we do not know our allocation prior to open which is 2 minutes from now, how can we sell them if go up 50% or down 50%.  Does not seem right to not be able to trade them immediately.

from: Inflationhawk on December 11, 2014, 06:31:35 AM

from: Unfolder on December 11, 2014, 09:29:51 AM

Quote"> from: yaoyao on December 11, 2014, 09:17:24 AM

Link now up for me but leads to error message

Portfolio page has it though, 250 shares

250 for me

250sh here now as well.  Wow if I had a dollar for every person that said there was no way we'd get less than 350 because the shares were "reserved"...  "My rep tol' me so!" 

250 as well.  The current value shows $1750.  What does that mean?

10000 shares!?!??!

Naw 250...

from: yaoyao on December 11, 2014, 09:43:56 AM

I got 100 out of 100.

What's going on here? I had an order placed for 325 shares. It shows my allocation is only 225 shares? I had a little over 4000 in my account but I thought we could fund it later. Does anyone have any idea?

250 here as well.  Guess they just cut the requested allocation by 30% across the board.

Sucks that this was just a token participation, but still fun:)

 

from: Ben on December 11, 2014, 10:00:26 AM

from: DanB on December 11, 2014, 09:51:44 AM

price indications are 20-22.

Nice, where are you getting price indications?

CNBC says $22-$24 now.

I'm a little dissapointed I wanted to buy more at open before it went up. 250 is not enough.

Quote"> from: lukkertin on December 11, 2014, 11:41:14 AM

Getting a 250 final allocation when you subscribed to 350 is actually pretty damn good on a hot IPO like this one.  I'm actually surprised as many shares were granted.  Usually Wall Street folk don't  give opportunities like this out except to insiders with special relationships.  Anyone that got shares should view this as an unexpected windfall.

from: nerf on December 11, 2014, 12:04:15 PM

Quote"> from: BruiserB on December 11, 2014, 09:36:31 AM

from: DanB on December 11, 2014, 04:51:00 PM

Quote"> from: Fred93 on December 11, 2014, 05:18:49 PM

I was just putting in my accounting for yesterday's trade and couldn't get the numbers to balance at first.  I see I was charged $0.13 in "Fees" on top of the commission.  Likely regulatory fees.  I expect this from someone like InteractiveBrokers where the commissions are so low they have to pass on such things directly to customers.  But Fidelity?  That I found a little surprising.  Just an FYI.