SAP and Google-backed lending platform OnDeck Capital is set to raise $200m when it goes public later today.
US-based credit platform OnDeck Capital has priced a $200m initial public offering and will issue 10 million shares priced at $20 each on the New York Stock Exchange later today.
OnDeck runs an online platform that uses data analytics to assess and lend to small businesses.
The company, which floated above its $16-18 range, had raised almost approximately $157m in equity and $227m in debt since it was founded in 2006.
Sapphire Ventures, the corporate venturing affiliate of software…
