LendingClub (LC) is one of the most anticipated public offerings of the year and is expected to price Wednesday night to trade on Thursday. They just raised the range to $12-14 from the prior $10-12. The market is acting poorly going into the planned pricing which could help keep the shares from running away from aftermarket investors. There are some risks outlined here but they are minimal for an IPO. The roadshow slides are available on the IPO Candy roadshow page and a transcript will be available soon.
LC is exploiting . . .