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IPO Quiet Period Expiration: Lending Club Corp - January 5th

Jan. 05, 2015 11:57 AM ETLC2 Comments
Don Dion profile picture
Don Dion's Blog
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  • The 25-day quiet period on LC will come to an end 1.5.2015, allowing the firm's IPO underwriters to publish (likely positive) analyses on 1.6.2015.
  • LC is an online platform that connects borrowers and investors for peer-to-peer business or personal loans; underwriters include Goldman Sachs, Morgan Stanley, BMO Capital, Citigroup, Credit Suisse, and others.
  • Recent research shows above-market returns in the (-5, +2) days surrounding a firm's quiet period expiration; underwriters usually have an incentive to publish positive recommendations on firms they recently underwrote.
  • Further analysis here.

Analyst's Disclosure: The author is long LC.

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