Lending Club Seeks IPO

San Francisco-based Lending Club, the online, personal loan marketplace service, is seeking an IPO, and has hired an investment banker, according to reports today. According to the WSJ, the company has selected Morgan Stanley and Goldman Sachs to lead its IPO efforts. Lending Club is venture backed by Canaan Partners, Foundation Capital, Kleiner Perkins Caufield and Byers, Morgenthaler Ventures, Norwest Venture Partners, Union Square Ventures and others.