The online lending platform, backed by Wells Fargo, will now issue more shares at a higher price when it goes public.
US-based online credit marketplace Lending Club upped the target for its initial public offering on Monday, and will now seek to raise up to $929m when it floats.
Lending Club intends to issue more than 66.3 million shares priced between $12 and $14 each, which would raise up to $806m, up from the $10-12 range it set last week when it planned to initially issue 57.6 million shares.
The $929m figure could be reached if the underwriters take…
