Online lender OnDeck Capital’s shares soar in debut
By Neha Dimri (Reuters) – Shares of OnDeck Capital Inc rose as much as 40 percent in their market debut, underscoring investor appetite for startups using technology to disrupt traditional banking. The online lender’s shares touched a high of $28 amid heavy trading on Wednesday, valuing the company at about $1.85 billion. The company’s successful debut follows that of online loan marketplace LendingClub Corp, whose shares rose as much 67 percent in their debut last week.
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