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LendingClub Announces Common Stock Acquisition Program, Expands into Home Improvement Financing
Crowdfund Insider· 2025-11-08 07:04
LendingClub (NYSE: LC) has announced that the firm’s Board of Directors has approved a program to repurchase and acquire “up to $100 million” of the company’s common stock through Dec 31, 2026.LendingClub shares are trading near their 52-week high with a market cap of over $2 billion. The company went public at the end of 2014 at a valuation of around $9 billion. At the time, the event was deemed to be a watershed moment for the Fintech sector.LendingClub transitioned from a marketplace lending platform to ...