Author Topic: LC Share Allocation  (Read 16180 times)

samybob

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LC Share Allocation
« on: December 11, 2014, 09:41:14 AM »

FCASH**
CASH
$1.00
$0.00
n/a
n/a
n/a
n/a
$5,000.00   5,000.000   
n/a
n/a
n/a
LC
LENDINGCLUB CORP COM ISIN #US52603A1097 SEDOL #BRYFYB8
n/a
n/a
--
--
n/a
n/a
n/a   250.000   
$15.00/Share
$3,750.00
--
Total
 
 
 
$1,250.00   
You have -$3,750.00 in pending activity.

LoanWolf

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Re: LC Share Allocation
« Reply #1 on: December 11, 2014, 09:44:10 AM »
I also got 250 out of the 350 - $3750

ggnoob1337

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Re: LC Share Allocation
« Reply #2 on: December 11, 2014, 09:46:43 AM »
I got 250 as well (out of my requested 350).

jfclark

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Re: LC Share Allocation
« Reply #3 on: December 11, 2014, 09:47:38 AM »
250 here too.

DanB

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Re: LC Share Allocation
« Reply #4 on: December 11, 2014, 09:49:51 AM »
ditto

dannybermuda

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Re: LC Share Allocation
« Reply #5 on: December 11, 2014, 09:51:47 AM »
I also got 250 after putting in for 350... we can sell today right? what are we thinking this will open at?

core

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Re: LC Share Allocation
« Reply #6 on: December 11, 2014, 09:55:56 AM »
we can sell today right?

Yes.  As long as you don't mind Fidelity not inviting you for another IPO for a short while (180 days).

dannybermuda

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Re: LC Share Allocation
« Reply #7 on: December 11, 2014, 10:07:03 AM »
We were all invited because of we are Lending Club investors in the loans and not because of any Fidelity connections, so I wouldn't worry about that. Pretty sure this is the first time buying into an IPO for many of us.

I read in the WSJ that the deal was 20x oversubscribed, but the price has been going up this week as we all know, so it will be interesting to see how this trades this morning.

DanB

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Re: LC Share Allocation
« Reply #8 on: December 11, 2014, 10:18:26 AM »
So it seems like they did this the simple way. I'm guesstimating that everyone got something & basically ended up with approx 70% of the  requested number (rounded down to the closest 25 unit). So if you asked for 200, you probably got 125. If you asked for 100, you probably got 50. Going the other direction, asking for 250 got you 175, asking for 300 got you 200 & no one got more than 250 unless...............well let us not even go there. Perish that thought, otherwise Core will float another conspiracy before even one trade is executed.   :)


core

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Re: LC Share Allocation
« Reply #9 on: December 11, 2014, 10:19:45 AM »
If you asked for 100, you probably got 50.

Except for rawraw, who got 100 out of 100.  Conspiracy, anyone?

Kombinator

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Re: LC Share Allocation
« Reply #10 on: December 11, 2014, 10:20:39 AM »
Probably if you asked for 100 or less you get your entire fill, max you can get is 250, everyone in the middle is pro-rated accordingly.

rawraw

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Re: LC Share Allocation
« Reply #11 on: December 11, 2014, 10:22:53 AM »
If you asked for 100, you probably got 50.

Except for rawraw, who got 100 out of 100.  Conspiracy, anyone?
I initially indicated 350 the very first step.  Then I sent my confirmation at 100.  And I got 100.

Fred

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Re: LC Share Allocation
« Reply #12 on: December 11, 2014, 10:23:46 AM »
I read in the WSJ that the deal was 20x oversubscribed, but the price has been going up this week as we all know, ....

It is not a but; it is a therefore.

dwyper

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Re: LC Share Allocation
« Reply #13 on: December 11, 2014, 10:27:46 AM »
Does anybody else feel jipped? I mean the LC executives are becoming wildly rich by using our money... 250 shares when I have 10's of thousands on the platform is pretty unappreciative

lukkertin

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Re: LC Share Allocation
« Reply #14 on: December 11, 2014, 10:29:37 AM »
Has anyone else been able to place a sell order (in anticipation of when trading opens) with Fidelity? I keep getting error messages.