11-12-2014 18:45 via uk.news.yahoo.com

Loan platform operator LendingClub's shares soar in debut

By Neha Dimri (Reuters) - Shares of LendingClub Corp, the world's biggest online marketplace connecting borrowers and lenders, soared in their debut as investors bet on the potential of online platforms to take on the risky lending that banks increasingly want to avoid. LendingClub's shares rose as much as 67 percent to $25.44 (16.2 pounds) on the New York Stock Exchange on Thursday, valuing the San Francisco-based company at more than $9 billion. ...
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