GR8WhiTE Posted December 10, 2014 Posted December 10, 2014 Thanks. Last time I heard that I was at the craps table. Hahaha hahaha me too Quote
GR8WhiTE Posted December 10, 2014 Posted December 10, 2014 http://www.cnbc.com/id/102237755?trknav=homestack:topnews:17 Quote
cv91915 Posted December 11, 2014 Author Posted December 11, 2014 Price was set at $15.00 yesterday, and they increased the number of shares that will be issued. I'm still in for 350 (the max I could request). I'll find out this morning how many I'm actually going to be allocated. Quote
GR8WhiTE Posted December 11, 2014 Posted December 11, 2014 I'm interested to see how this will perform. It is innovative, that's what I like. Quote
cv91915 Posted December 11, 2014 Author Posted December 11, 2014 I'm interested to see how this will perform. It is innovative, that's what I like. I'll keep the thread updated. Probably not with real-time stock quotes, but I'll update this periodically. I think this is a strong long-term bet. Quote
GR8WhiTE Posted December 11, 2014 Posted December 11, 2014 You should. I'm gonna keep my eye on it too. Im curious to see how it gets categorized. Quote
lucky4 Posted December 11, 2014 Posted December 11, 2014 I will probably be trading this one in the early weeks. Looks like a good candidate to go long with from the early days. Lockup expiration is in 6 months, so like most IPOs I don't see it as a blind buy-and-hold. Good luck, cv! Quote
GR8WhiTE Posted December 11, 2014 Posted December 11, 2014 I wonder how many people are going to borrow money from LC just to put it into this IPO Quote
cv91915 Posted December 11, 2014 Author Posted December 11, 2014 I wonder how many people are going to borrow money from LC just to put it into this IPO I don't know how the share allocations were determined, but assuming the max for an outsider is 350 shares at $15... If you have to borrow $5,250 or less to participate, you have have higher priorities than a speculative IPO investment. Quote
GR8WhiTE Posted December 11, 2014 Posted December 11, 2014 I agree. I think that this one is more of a long term deal. IPO's are always a gamble. If I trade them, I at least wait 6 months to a year to get a real feel of the company. Quote
cv91915 Posted December 12, 2014 Author Posted December 12, 2014 Bad news: I was only able to buy 250 shares @ $15.00/share. Good news: The price went up 56% in the first day of trading, closing at $23.43. Quote
GR8WhiTE Posted December 12, 2014 Posted December 12, 2014 (edited) Bad news: I was only able to buy 250 shares @ $15.00/share. Good news: The price went up 56% in the first day of trading, closing at $23.43. WOW!!! It opened today?? I though it was a few months away! Nice CV!! Market has been good. Let it ride. You should consider doing some "covered calls". Get paid while you own it basically. Edited December 12, 2014 by GR8WhiTE Quote
credithunting Posted December 12, 2014 Posted December 12, 2014 With former Treasury Secretary Larry Summers and ex-Morgan Stanley CEO and Chairman John Mack on the board the stock should do well. Quote
GR8WhiTE Posted December 12, 2014 Posted December 12, 2014 It plays such a huge roll who is behind a company. Quote
cv91915 Posted December 12, 2014 Author Posted December 12, 2014 Barring the unforeseen, I'm holding this for a very long time. Quote
GR8WhiTE Posted December 12, 2014 Posted December 12, 2014 Barring the unforeseen, I'm holding this for a very long time. Nothing wrong with that. Look into selling calls against it though. Quote
cashnocredit Posted December 13, 2014 Posted December 13, 2014 I don't do IPOs. I have been in a small number of IPOs as one of the prior private investors. Generally companies time IPOs for maximum market impact since they want to get as much money at the IPO as possible. The IBs take their rake (7% or so) and everyone is excited. Typical IPO prices pop if the underwriters price it correctly then, about 6 months later, it drops when the lockup expires for the inside investors. After that it can rise a lot based on the company performance. I sometimes will get in at the 6 month to a year point if the Q's look better than I expected and the price hasn't moved. That said, there are a number of companies that really change the overall market in their segment and wind up dominating. You can get incredibly great returns buying and holding companies that accomplish that. Lending Club and others that are disintermediating traditional markets are likely to be in that category just as companies like MSFT and APPL did so decades ago. The way to invest in these after IPO is to review the SEC filings for lockup periods. Bankers often waive lockup or allow earlier insider sales when stock price appreciates beyond some multiple of the IPO price. This can put an effective ceiling on prices but only over a really short time frame. This can also create a good buying opportunity or, in the opposite sense, selling. For high visibility companies there are lots of smart money peeps looking for arbitrage ops and those tend to reduce the impact of these lockup periods. Quote
EvilMan Posted December 14, 2014 Posted December 14, 2014 I hated how this IPO played out. I was planning on buying the max shares but i just kept getting pissed off how every email i got resulted in a new share price. It originally was $10-12 and slowly creeped up to $15. Then you only had a day to reconfirm your shares ... which i totally missed with a storm in my area. I am glad the stock is performing well thus far. Quote
GR8WhiTE Posted December 14, 2014 Posted December 14, 2014 I don't do IPOs. I have been in a small number of IPOs as one of the prior private investors. Generally companies time IPOs for maximum market impact since they want to get as much money at the IPO as possible. The IBs take their rake (7% or so) and everyone is excited. Typical IPO prices pop if the underwriters price it correctly then, about 6 months later, it drops when the lockup expires for the inside investors. After that it can rise a lot based on the company performance. I sometimes will get in at the 6 month to a year point if the Q's look better than I expected and the price hasn't moved. That said, there are a number of companies that really change the overall market in their segment and wind up dominating. You can get incredibly great returns buying and holding companies that accomplish that. Lending Club and others that are disintermediating traditional markets are likely to be in that category just as companies like MSFT and APPL did so decades ago. The way to invest in these after IPO is to review the SEC filings for lockup periods. Bankers often waive lockup or allow earlier insider sales when stock price appreciates beyond some multiple of the IPO price. This can put an effective ceiling on prices but only over a really short time frame. This can also create a good buying opportunity or, in the opposite sense, selling. For high visibility companies there are lots of smart money peeps looking for arbitrage ops and those tend to reduce the impact of these lockup periods. You nailed it. You have to give it some time. Time for news to bake in. Time to see how the company's earnings are looking. Time to see if the company can withstand an insider selloff. Time to see if the technicals are stabilizing. The only IPO I had done was Visa. Bought at $40. Day of open sold at $60. Don't you remember with Howard Stern and Sirius? He unloaded his shares since they were un-restricted....the stock never recovered. Quote
cv91915 Posted December 15, 2014 Author Posted December 15, 2014 LC is up 9% already this morning. It's trading at almost $27. Quote
GR8WhiTE Posted December 16, 2014 Posted December 16, 2014 (edited) LC is up 9% already this morning. It's trading at almost $27. I just seen that. Close to $28 actually and closed at $25. Combination of the market opening strong/closing weak and some profit taking. Although still early, this looks like a good investment IMO. Edited December 16, 2014 by GR8WhiTE Quote
cv91915 Posted January 12, 2015 Author Posted January 12, 2015 (edited) Lending Club is now trading around $21. Today it's down almost 9% from Friday's close. Edited January 12, 2015 by cv91915 Quote
credithunting Posted January 15, 2015 Posted January 15, 2015 NEW YORK (MarketWatch) -- Google Inc. and Lending Club said Thursday they are partnering in a pilot program to offer low-interest financing to resellers, consultants and other members of Google's network. Google will purchase loans made by Lending Club, allowing it to invest its own capital in its network to spur growth. Lending Club, the peer-to-peer lending platform, said eligible partners will have access to two-year loans of up to $600,000 to invest in growth programs. The loans will be interest free in the first year. Lending Club shares were up 4.6% in early trade, and are now about 47% above their IPO price of $15. Google shares were down 0.5% Quote
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