OnDeck Capital Rises after IPO
According to the DealBook, investors continue to see the potential in alternative lending platforms such as online lender OnDeck Capital.
The DealBook notes that shares in the company, which makes loans to small businesses, rallied more than 30% on their first day of trading this week.
The DealBook noted that OnDeck raised about $200 million from its initial offering, valuing the company at about $1.3 billion.
To read the entire Times article, click here.