ONDK News

Valuations in "fintech" are starting to look closer to fin than tech, as investors raise concerns over credit quality and whether demand for peer-to-peer loans can keep pace with supply. The poor performance of LendingClub (LC) and On Deck Capital (ONDK), in addition to the postponed IPOs of two other online lenders in the past six months, calls into question the IPO prospects...read more

With the postponement of Elevate Credit's offering this week, there still has not been an IPO in 2016. This coming week could see the IPO of AmeriQuest and Nordic Realty Trust, both of which are scheduled to price next week. The delayed Shimmick Construction deal or the postponed Elevate Credit IPO...read more

Elevate Credit, a provider of loans and lines of credits to non-prime consumers, announced terms for its IPO on Monday. The Fort Worth, TX-based company plans to raise $76 million by offering 3.6 million shares at a price range of $20 to $22. At the midpoint of the proposed range, Elevate Credit would command a fully diluted market value of $708 million. Elevate Credit,...read more

The last IPO of 2015 priced this week - 170 companies raised $30 billion this year.  On Thursday night, Yirendai priced, just the fifth Chinese company to price a US IPO this year, representing a 64% decline from the 14 Chinese companies that came public in 2014. None of the Chinese IPOs from...read more