Title: LC Share Allocation
Post by: samybob on December 10, 2014, 11:00:00 PM
Post by: samybob on December 10, 2014, 11:00:00 PM
FCASH**
CASH
$1.00
$0.00
n/a
n/a
n/a
n/a
$5,000.00 5,000.000
n/a
n/a
n/a
LC
LENDINGCLUB CORP COM ISIN #US52603A1097 SEDOL #BRYFYB8
n/a
n/a
--
--
n/a
n/a
n/a 250.000
$15.00/Share
$3,750.00
--
Total
$1,250.00
You have -$3,750.00 in pending activity.
Title: LC Share Allocation
Post by: LoanWolf on December 10, 2014, 11:00:00 PM
Post by: LoanWolf on December 10, 2014, 11:00:00 PM
I also got 250 out of the 350 - $3750
Title: LC Share Allocation
Post by: ggnoob1337 on December 10, 2014, 11:00:00 PM
Post by: ggnoob1337 on December 10, 2014, 11:00:00 PM
I got 250 as well (out of my requested 350).
Title: LC Share Allocation
Post by: jfclark on December 10, 2014, 11:00:00 PM
Post by: jfclark on December 10, 2014, 11:00:00 PM
250 here too.
Title: LC Share Allocation
Post by: DanB on December 10, 2014, 11:00:00 PM
Post by: DanB on December 10, 2014, 11:00:00 PM
ditto
Title: LC Share Allocation
Post by: dannybermuda on December 10, 2014, 11:00:00 PM
Post by: dannybermuda on December 10, 2014, 11:00:00 PM
I also got 250 after putting in for 350... we can sell today right? what are we thinking this will open at?
Title: LC Share Allocation
Post by: core on December 10, 2014, 11:00:00 PM
Post by: core on December 10, 2014, 11:00:00 PM
Title: LC Share Allocation
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
We were all invited because of we are Lending Club investors in the loans and not because of any Fidelity connections, so I wouldn't worry about that. Pretty sure this is the first time buying into an IPO for many of us.
I read in the WSJ that the deal was 20x oversubscribed, but the price has been going up this week as we all know, so it will be interesting to see how this trades this morning.
I read in the WSJ that the deal was 20x oversubscribed, but the price has been going up this week as we all know, so it will be interesting to see how this trades this morning.
Title: LC Share Allocation
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
So it seems like they did this the simple way. I'm guesstimating that everyone got something & basically ended up with approx 70% of the requested number (rounded down to the closest 25 unit). So if you asked for 200, you probably got 125. If you asked for 100, you probably got 50. Going the other direction, asking for 250 got you 175, asking for 300 got you 200 & no one got more than 250 unless...............well let us not even go there. Perish that thought, otherwise Core will float another conspiracy before even one trade is executed. 
Title: LC Share Allocation
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Title: LC Share Allocation
Post by: Kombinator on December 10, 2014, 11:00:00 PM
Post by: Kombinator on December 10, 2014, 11:00:00 PM
Probably if you asked for 100 or less you get your entire fill, max you can get is 250, everyone in the middle is pro-rated accordingly.
Title: LC Share Allocation
Post by: rawraw on December 10, 2014, 11:00:00 PM
Post by: rawraw on December 10, 2014, 11:00:00 PM
Title: LC Share Allocation
Post by: Fred on December 10, 2014, 11:00:00 PM
Post by: Fred on December 10, 2014, 11:00:00 PM
Title: LC Share Allocation
Post by: dwyper on December 10, 2014, 11:00:00 PM
Post by: dwyper on December 10, 2014, 11:00:00 PM
Does anybody else feel jipped? I mean the LC executives are becoming wildly rich by using our money... 250 shares when I have 10's of thousands on the platform is pretty unappreciative
Title: LC Share Allocation
Post by: lukkertin on December 10, 2014, 11:00:00 PM
Post by: lukkertin on December 10, 2014, 11:00:00 PM
Has anyone else been able to place a sell order (in anticipation of when trading opens) with Fidelity? I keep getting error messages.
Title: LC Share Allocation
Post by: Kombinator on December 10, 2014, 11:00:00 PM
Post by: Kombinator on December 10, 2014, 11:00:00 PM
Short answer is yes, but what are you going to do:) Not gypped per se, just disappointed a bit they didn't decide to treat their long time investors better.
Title: LC Share Allocation
Post by: DanB on December 10, 2014, 11:00:00 PM
Post by: DanB on December 10, 2014, 11:00:00 PM
Title: LC Share Allocation
Post by: dannybermuda on December 10, 2014, 11:00:00 PM
Post by: dannybermuda on December 10, 2014, 11:00:00 PM
it seems like anyone with a lending club account was given the max order size of 350. it may not seem fair to guys who have larger accounts and have been investing since the beginning but they didnt have to do a DSP at all so for this we should all be thankful
Title: LC Share Allocation
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
thanks fred for the grammar check
Title: LC Share Allocation
Post by: core on December 10, 2014, 11:00:00 PM
Post by: core on December 10, 2014, 11:00:00 PM
Title: LC Share Allocation
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Title: LC Share Allocation
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Bloomberg says indicated open is $23-$25. this was at 10:33am
Title: LC Share Allocation
Post by: Half Right on December 10, 2014, 11:00:00 PM
Post by: Half Right on December 10, 2014, 11:00:00 PM
anyone figure out how to sell the shares?
Title: LC Share Allocation
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Title: LC Share Allocation
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Title: LC Share Allocation
Post by: Amelia on December 10, 2014, 11:00:00 PM
Post by: Amelia on December 10, 2014, 11:00:00 PM
Was anyone not allocated any shares at all? This is what's been in my fidelity screen..
IPO Message
Allocations have not taken place yet. Allocations are expected to be posted to accounts after 9:00 am ET on the day following pricing. Please check the recent updates section of the directed share home page for the latest information regarding the offering, including when pricing and allocation will occur.
IPO Message
Allocations have not taken place yet. Allocations are expected to be posted to accounts after 9:00 am ET on the day following pricing. Please check the recent updates section of the directed share home page for the latest information regarding the offering, including when pricing and allocation will occur.
Title: LC Share Allocation
Post by: lukkertin on December 10, 2014, 11:00:00 PM
Post by: lukkertin on December 10, 2014, 11:00:00 PM
Title: LC Share Allocation
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
CONGRATS TO ALL. HAPPY DANCE TIME
Title: LC Share Allocation
Post by: Grant on December 10, 2014, 11:00:00 PM
Post by: Grant on December 10, 2014, 11:00:00 PM
I missed the LC Investor allocation and as a Fidelity customer went through their IPO allocation. I didn't get any shares... 
Title: LC Share Allocation
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Title: LC Share Allocation
Post by: nlagaros on December 10, 2014, 11:00:00 PM
Post by: nlagaros on December 10, 2014, 11:00:00 PM
I sold @ $25. Not a lot of shares, but I look at it as a gift for just about no effort.
Title: LC Share Allocation
Post by: mindbowels on December 10, 2014, 11:00:00 PM
Post by: mindbowels on December 10, 2014, 11:00:00 PM
Title: LC Share Allocation
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
I had no issue at all selling from the main account page. I had not had a Fidelity account before. I created one per the instructions as part of the DSP. Once the shares were allocated this morning I saw that I had the 250 shares as a position in my account.
Title: LC Share Allocation
Post by: lukkertin on December 10, 2014, 11:00:00 PM
Post by: lukkertin on December 10, 2014, 11:00:00 PM
Title: LC Share Allocation
Post by: core on December 10, 2014, 11:00:00 PM
Post by: core on December 10, 2014, 11:00:00 PM
Title: LC Share Allocation
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Title: LC Share Allocation
Post by: Victor on December 10, 2014, 11:00:00 PM
Post by: Victor on December 10, 2014, 11:00:00 PM
I sold 150 shares @ $23.69 and will hold the remaining 100 for the long haul. I prefer to play with house money. Thanks for the "bone" LC, you did this old boy a solid.
Title: LC Share Allocation
Post by: rawraw on December 10, 2014, 11:00:00 PM
Post by: rawraw on December 10, 2014, 11:00:00 PM
Title: LC Share Allocation
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
For anyone who was stuck like I was, the key was:
--Instead of choosing the "sell all" option, choose "sell" and put in the specific amount of shares.
Best of luck all, congrats on the pop!
--Instead of choosing the "sell all" option, choose "sell" and put in the specific amount of shares.
Best of luck all, congrats on the pop!
Title: LC Share Allocation
Post by: PennySaved on December 10, 2014, 11:00:00 PM
Post by: PennySaved on December 10, 2014, 11:00:00 PM
I only asked for 250 shares and I got 175.
Title: LC Share Allocation
Post by: janef on December 10, 2014, 11:00:00 PM
Post by: janef on December 10, 2014, 11:00:00 PM
The "selling" in this thread confuses me.
Why am I seeing this in my account?
IPO Message
Allocations have not taken place yet. Allocations are expected to be posted to accounts after 9:00 am ET on the day following pricing. Please check the recent updates section of the directed share home page for the latest information regarding the offering, including when pricing and allocation will occur.
Why am I seeing this in my account?
IPO Message
Allocations have not taken place yet. Allocations are expected to be posted to accounts after 9:00 am ET on the day following pricing. Please check the recent updates section of the directed share home page for the latest information regarding the offering, including when pricing and allocation will occur.
Title: LC Share Allocation
Post by: kitono on December 10, 2014, 11:00:00 PM
Post by: kitono on December 10, 2014, 11:00:00 PM
Because you're clicking the link from your email. go to fidelity's main website and log in using your credentials and you'll see the shares in your fidelity account. e.g. log in not through the email but through their website.