News fintech market

OnDeck Goes Public, Raises $200 Million in Initial Public Offering

17 декабря 2014

Small business lending innovator OnDeck became a publicly traded company today, raising $200 million in an offering that valued the company at $1.3 billion.

And like Lending Club, which launched its IPO last week, OnDeck saw its stock price above its anticipated range. Initially set for $16-18, shares of ONDK opened Wednesday morning on the New York Stock Exchange at $26.50 and traded as high as $28 by midday.