LC is planning to go public!!!

[william]

I was under the impression that LC was trying to be independent and not go public. But after watching this video where CEO Renaud Laplanche says "...we are making plans for the next 10 to 20 years and part of these plans is taking the company public" I got so excited!

Link to the video
http://www.bloomberg.com/video/lendingclub-issued-1-billion-in-loans-ceo-says-djicaCFATgaj3iDDJvO6Nw.html" class="bbc_link" target="_blank">http://www.bloomberg.com/video/lendingclub-issued-1-billion-in-loans-ceo-says-djicaCFATgaj3iDDJvO6Nw.html

If the company ever did go public I would without a doubt invest. I have no doubt that the company will grow 1000% and I will get more than my money's worth back. Would any one else here invest?

[priuspilot]

I would... they'd end up getting bought by Capitol One before the ink dried on their IPO.  https://forum.lendacademy.com/Smileys/default/tongue.gif" alt=":P" title="Tongue" class="smiley" />

[Peter]

https://forum.lendacademy.com/index.php?topic=503.msg1418#msg88888888Quote"> from: william on November 25, 2012, 07:47:18 PM

[rawraw]

https://forum.lendacademy.com/index.php?topic=503.msg1418#msg88888888Quote"> from: william on November 25, 2012, 07:47:18 PM

[Keltset]

https://forum.lendacademy.com/index.php?topic=503.msg1418#msg88888888Quote"> from: william on November 25, 2012, 07:47:18 PM

[Peter]

I noticed that interview as well - it was the first time I have seen Renaud Laplanche say that publicly. But like PeerLend says it was always on the cards. And an IPO at Lending Club would provide a strategic advantage. Instead of just 28 states available for the retail platform there will be all 50 states available under the Blue Sky Exemption.

So, I expect an LC IPO in 2014 or 2015. Whether it will be a good idea to invest or not remains to be seen. Given that there will be a huge P/E ratio it may not be a great investment. But it will be good for p2p lending in general as the media exposure will likely drive tons of new investors and borrowers to the platform.

[faeriering]

So my biggest fear when they go public (aside from capitalone https://forum.lendacademy.com/Smileys/default/laugh.gif" alt=":))" title="" class="smiley" /> is that they would move more and more towards helping big investors get into the platform, and drive cost up and returns down for those of us who are smaller investors.

[yojoakak]

I still can't believe LendingClub is not yet profitable.

But if they ever do become profitable, the profits should increase exponentially.

Why would they want to go Public?

[TravelingPennies]

https://forum.lendacademy.com/index.php?topic=503.msg1444#msg88888888Quote"> from: yojoakak on November 27, 2012, 01:30:09 AM

[TravelingPennies]

LC is cash flow positive at least.

http://www.lendacademy.com/lending-club-crosses-over-1-billion-in-total-loans-issued/" class="bbc_link" target="_blank">http://www.lendacademy.com/lending-club-crosses-over-1-billion-in-total-loans-issued/

[Lovinglifestyle]

For what it's worth, I was wondering what impact Amazon and PayPal might have on LC if they get something similar going as they say they are working on.

[TravelingPennies]

https://forum.lendacademy.com/index.php?topic=503.msg1459#msg88888888Quote"> from: Lovinglifestyle on November 27, 2012, 12:17:15 PM

[TravelingPennies]

I heard this information on the Clark Howard Show.  He also recommended small business owners look at Lending Club and Prosper for easier funding than banks (2nd time at least that he's referenced both companies).  He mentioned research and statements by Amazon and "evenPayPal" about planning stages.  He made it sound about two years down the road.  This did not sound like good news to me!

Thank you for your comments on the subject!

[TravelingPennies]

https://forum.lendacademy.com/index.php?topic=503.msg1520#msg88888888Quote"> from: Peter on November 28, 2012, 06:59:10 PM

[TravelingPennies]

https://forum.lendacademy.com/index.php?topic=503.msg1534#msg88888888Quote"> from: Lovinglifestyle on November 28, 2012, 10:52:28 PM