PYMNTS

DECEMBER 10, 2016

Stock prices opened at $15 but popped pretty immediately thereafter, shooting up 56 percent by the end of the first day — and locking Lending Club’s valuation in at $8.5 Lending Club’s valuation never got much higher than that $10 billion mark, but it did manage to keep its share price above its IPO value for the first half of 2014.

GAAP 73

GAAP Compliance Valuation Auditing 73

Barry Ritholtz

MARCH 5, 2024

It’s like you said, I started at Pricewaterhouse and I went through a one year rotation there, so it started with audit. What happened over the last year and a half or so is rates went up and valuations went down. Either you have the asset and the credit risk, I would imagine. 00:22:43 [Speaker Changed] E exactly.

Mergers and Acquisitions (M&A) 57

Mergers and Acquisitions (M&A) Credit Risk Investments Banking 57

Barry Ritholtz

MARCH 12, 2024

And up until that moment in time, we didn’t spend a lot of time on credit risk in mortgages. We didn’t really have to model credit risk because that was, that risk was taken by the agencies. But in these private labels, you had the, the market was taking the credit risk.

Profit and Loss 57

Profit and Loss Investments Marketing Securities 57