LendingClub Starts Trading in NYSE Today

The transcript discusses the IPO pricing strategy, highlighting the psychological aspect of pricing above the range to indicate strong investor demand. It then delves into Lending Club's history, its CEO Ranad Laplanche's vision, and his financial gains from the IPO. The discussion also compares Lending Club's IPO process with Alibaba's, noting differences in banking strategies and similarities in business models as marketplaces.

What was the initial valuation of Lending Club mentioned in the text?

What is the significance of pricing above the range for an IPO?

How did Ranad Laplanche come up with the idea for Lending Club?

What market share does Lending Club hold in the industry?

What are the similarities and differences between the IPO processes of Lending Club and Alibaba?