IMHO, any public company that makes its money predominantly from fees has a very limited upside. Unlike the big banks , Goldman Sachs, etc., LC has no skin in the game, and, therefore no ability to make the big bucks. They are also vulnerable to competition which would impact any long-term projections.
If they change management after the offering and manage their day-to-day operations more efficiently, they should be able to perform well over the long-term. However, if any real money is to be made on their stock it will be at the IPO, and if you are unable to participate at that point then I would suggest to steer clear of the after-market and wait a few quarters to see what shakes out.
Like Rob L, I wish them luck, but I currently plan on skipping this one for the reasons I give above.
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