Email your news and story ideas to: [email protected]
Ex-Cleary lawyer heads Lending Club $650m float
Renaud Laplanch, the French former securities lawyer, is the brains behind Lending Club and its much anticipated float on the New York Stock Exchange next week.
Sign up for our free daily newsletter
YOUR PRIVACY - PLEASE READ CAREFULLY DATA PROTECTION STATEMENT
Below we explain how we will communicate with you. We set out how we use your data in our Privacy Policy.
Global City Media, and its associated brands will use the lawful basis of legitimate interests to use
the
contact details you have supplied to contact you regarding our publications, events, training,
reader
research, and other relevant information. We will always give you the option to opt out of our
marketing.
By clicking submit, you confirm that you understand and accept the Terms & Conditions and Privacy Policy
Existing investors are expected to make tens of millions of dollars when the innovative, disruptive peer-to-peer lender raises a sum expected to be in the region of US$650m. The float of the San Francisco-based company is seen as marking a milestone in the development of this sector.
From Paris to New York
Renaud Laplance, 44, is the largest shareholder and could find his holding worth $160m if the shares are valued at the latest guide price. He studied in France and at the London Business School, and worked at Cleary Gottlieb Steen & Hamilton as a securities lawyer between 1995 and 1999, first in Paris and then in New York. Source: Financial Times
