This Lending Company got its Investors 100 Times Return

Lending Club, a peer-to-peer loan specialist, recently witnessed a 55% bump in its stock price on market debut. The company has now achieved a valuation of around $9B. This is more than what the company had expected during its IPO. Founded in 2007, Lending Club provides an online forum to bring together lenders and borrowers. Struggling through some regulatory issues in initial stages, the company has now facilitated more than $6B in ...

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