In what was the largest public stock market debut of the year by a U.S.-based technology company, Lending Club raised $870 million after selling 58 million shares at $15 apiece on Wednesday. On Thursday, its first day of trading, stock in the peer-to-peer loan platform popped 56%, closing at $23.43. Lending Club is leading the way in FinTech’s lending sector, with a number of other companies, like OnDeck and Social Finance already having filed S-1’s. Meanwhile Prosper, a P2P loan competitor of Lending Club’s, raised $70 million in its own IPO of May of this year. Shareholders making big exits in the Lending Club IPO include Canvas Venture Fund ($984 million on its $12 million investment), Foundation Capital ($937 million/$24.5 million) , Union Square Ventures ($422 million/$25 million), and Kleiner Perkins ($150 million/$17.5 million).
Hortonworks, the Palo Alto, Calif.-based vendor of Hadoop-enabled Big Data services, sold 6.25 million shares at $16 (above the original $12-$14 price range) to raise $100 million. Yahoo and Benchmark Capital both had nearly 20% pre-IPO stakes in the company. Hortonworks is currently trading on Nasdaq, where it has met considerable investor enthusiasm, with the stock climbing as high as $24.35 as of 1 PM ET.
The developer tools and analytics company New Relic raised $115 million by selling stock at $23. The stock, which is trading on the NYSE under the NEWR ticker symbol, also experienced a jump of over 40%, as it was hovering around $33.70 by mid-day Friday.
The Chinese location-based social media company Momo raised $216 million from investors ahead of its Friday debut on Nasdaq. The company has raised venture capital from Alibaba and Sequoia Capital, among others, while Morgan Stanley served as the lead underwriter for the public offering.
Twitch, the social video game hub recently acquired by Amazon for $1 billion, has announced an acquisition of its own, GoodGame, the first (and presumably) only “e-sports agency,” catering to professional video gamers. According to Twitch COO Kevin Lin, “GoodGame was a natural fit for Twitch because of our shared experience in creating compelling monetization opportunities for content partners and helping sponsors get the most out of their investments.”
Identity and payment security company Dashlane has acquired PassOmatic, a password automation service, for an undisclosed amount. “The acquisition of PassOmatic is a critical strategic step in our quest to make passwords irrelevant for consumers,” said Dashlane CEO Emmanuel Schalit through a press statement. PassOmatic had raised $30 million from Rho Ventures, FirstMark Capital, and Bessemer Venture Partners.