The SAP and Google-backed online lending platform will issue 10 million shares, priced at up to $18.00 each.
US-based online lending platform OnDeck Capital set the range for its initial public offering between $16 and $18 a share yesterday and will look to raise up to $180m.
Founded in 2006, OnDeck provides small business loans, using data analytics to assess their creditworthiness. It has made a net loss of $14.4m in the first nine months of 2014, down from an $18.7m loss in the same period of 2013, but its revenues more than doubled over the same period…
