1. Activist Investors Push OnDeck Acquisition

    Activist Investors Push OnDeck Acquisition

    When OnDeck completed its IPO in 2009, it entered the public markets with a massive amount of buzz , ending the day with a share price north of $20 dollars and a valuation around $1.9 billion. “We’ve been operating with the discipline of a public business,” noted OnDeck CEO Noah Breslow shortly after the IPO was completed, adding that OnDeck will double down on small business lending rather than diversifying into consumer, auto, or other types of lending, and calling OnDeck’s small business credit scoring system “our core competency.” OnDeck was part of a class of marketplace ...

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