This year closes with a handful of initial public offerings for unusual financial institutions—ones that investors are likely to see a lot more of in 2015.
First, on Dec. 10, came LendingClub (ticker: LC) the peer-to-peer lender that lets participants make loans to other individuals through the Internet for as much as $100,000, according to New York-based Triton Research. The shares went public at $15, before skyrocketing 72% to close at $25.74 on Dec. 26.
