Online Lender OnDeck Capital Rises after IPO



According to the DealBook, investors continue to see the potential in alternative lending platforms such as OnDeck Capital.

The DealBook notes that shares in the company, which makes loans to small businesses, rallied more than 30% on their first day of trading this week.

The DealBook noted that OnDeck raised about $200 million from its initial offering, valuing the company at about $1.3 billion.

To read the entire New York Times’ DealBook article, click here.

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com