How On Deck Capital May Fare In Its Public Offering |

“If you are earning interest income, the goal is to get the cost of capital as low as possible and making a priority of a higher interest product going out,” Ciporin says. Canaan Partners is one of the largest investors in Lending Club , a loan marketplace, which has similarly announced its plans to go public. For its part, OnDeck competes with other alternative lenders that service small business borrowers online, such as Kabbage and Biz2Credit. OnDeck, which hopes to raise $150 million through its offering, listed RRE Ventures, Institutional Venture Partners, Village Ventures, and SAP Ventures as its largest investors, with between 10 percent and 15 percent ownership stakes each. Google Ventures owns a further 6 percent. Breslow owns 2.4 percent of OnDeck. Morgan Stanley, Merrill Lynch, and JP Morgan Securities are the lead underwriters of the deal. OnDeck will list on the New York Stock Exchange.
For the original version including any supplementary images or video, visit

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s