What Lending Club’s falling share price means for the P2P lending sector
Lending Club, the largest P2P lending platform in the U.S., has seen its share price drop by more than 50 percent since December 10; the price per share on the NASDAQ Stock Market dropped from $14 to less than $7 (current price per share will vary).
So what is the reason for such a precipitous decline in the share price of the world’s leading P2P lender, and what does it tell us about the P2P lending industry?
The table below shows the company’s financial condition in Q3 2014 (the data available at IPO), and Q3 2015. Because Lending Club reports for Q4 of the preceding year only in February of the subsequent year, only Q3 2014 data were made available to the investors at the date of IPO, so we compared Q3 2014 indices with Q3 2015 indices.
Read full article at techcrunch.com
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