Daily News: November 11, 2014

Nonbank Lender OnDeck Capital Files for IPO

The Wall Street Journal reported web-based small-business lender OnDeck Capital filed for an initial public offering, amid strong investor interest in nonbank lending companies.

According to the Journal , the company said in a filing that it plans to raise up to $150 million, though that is a placeholder amount used to calculate registration fees and will likely change.

Previously on abfjournal: BBVA Compass, OnDeck Partner for Small Business Loans

To read the entire Journal article, click here.