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LC IPO

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bluestar148:
http://www.lendingmemo.com/lending-club-files-500-million-ipo/

havastat:
And they've been growing like gangbusters -- $5B total in originations at end of last quarter, of which $1B was in last quarter.

Would be nice if they let their early lenders buy in at the IPO price, maybe through FOLIOfn.

havastat:
I'm interested in investing a small amount in the IPO, low 5-digit figures. Any thoughts on whether it would be possible to get in with such an amount, and with whom I might be able to do it without paying too much for the privelege? Understand one can always buy in once it starts trading.

bluestar148:
It is next to impossible. Read this: http://www.investopedia.com/university/ipo/ipo1.asp

havastat:
Figured as much.

It would be nice if LendingClub reserved a slice for its long-time retail investors.

But we're not exactly their target market these days, are we? And loyalty and a dime won't buy you coffee any more - you need several dollars, and don't expect a discount.

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