Bloomberg Technology
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Pimco-Backed Online Lender GreenSky Goes Public
Posted
May 24, 2018
Views
1,687
Likes
14
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May 24, 2018
1,687
14
0.83%
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5:43Now PlayingMay.24 -- Online lenders haven't received much love from investors in recent years. LendingClub and competitor On Deck Capital have both dropped more than 70 percent since they went public in 2014. But Pimco-backed GreenSky is banking on a different trajectory...it just went public on the Nasdaq, raising $874 million dollars in its IPO. The online-lender sold at $23-a-share, driving its market value up to $4.35 billion. Bloomberg's Alex Barinka caught up with GreenSky CEO David Zalik.
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