upstart ipo stock

The livestream, which was originally scheduled for 11:30 a.m. Hexavest of Montreal slashed each of its positions in Apple, Intel, and Microsoft stock, and initiated a small position in electric-vehicle firm Nio in the fourth quarter. The company plans to listed on the Nasdaq with the ticker symbol of UPST on December 15, 2020. Upstart is funded by 22 investors. Their stock opened with $20.00 in its Dec 16, 2020 IPO. Copyright © 2021 MarketWatch, Inc. All rights reserved. Chief Executive Dave Girouard told MarketWatch that those involved in the lending industry have been searching for “a fountain of youth that can change the game in terms of accuracy.” He believes that artificial intelligence and cloud computing can lead to a “transformation across the banking and financial services industries for decades to come.”. Upstart Holdings, Inc. (NASDAQ:UPST) traded at $56 at close of the session on Friday, Jan 15, made a downturn move of -7.65% on its previous day’s price. Upstart has a post-money valuation in the range of $500M to $1B as of Apr 8, 2019, according to PrivCo. Upstart is an online lending marketplace that provides personal loans using non-traditional variables, such as education and employment, to predict creditworthiness.. ET. IPO, You should not consider information contained on our website to be part of this prospectus or in deciding whether to purchase shares of our common stock. Upstart Holdings plans to offer about 12 million stocks for 20-22 USD each. Watch CNBC's full interview with Upstart CEO David Girouard. The stock’s first trade on the Nasdaq was for $26.00 at 12:44 p.m. Citron said it believes the stock will fall "fast" back to $20. The company said in its prospectus that when it comes to traditional lending decisions, “most banks use simple, rules-based systems that consider only a limited number of variables,” meaning that “millions of creditworthy individuals are left out of the system, and millions more pay too much to borrow money.” Upstart uses artificial intelligence to make lending decisions and argues that its model, which considers more than 1,600 data points, enables greater loan access at lower rates without adding risk. Upstart Holdings Inc. UPST, -7.36% has set terms for its initial public offering, as the California-based cloud-based artificial intelligence lending platform looks to raise up to $198 million. +1.39% The stock has run up 104.4% just this month, after the company reached an agreement with an activist investor on a board shake up and reported strong holiday sales, which some believe fueled the squeezing out of bearish bets. Is Recent Fintech IPO Upstart a Buy? The firm provides lead generation and white label software that matches lenders with consumers seeking personal loans. ET. The company saw a 30% increase in the number of loans it facilitated in the first nine months of 2020 versus the same period a year earlier. If it proceeds with a listing, the fintech lender could raise up to USD 200m at an enterprise value of around USD 2bn, the sources said. I left Google in 2012 to found Upstart with Anna and Paul. Upstart Holdings (UPST) intends to raise $252 million for itself and selling shareholders from the sale of its common stock in an IPO, according to an amended registration statement. The first day of trading in the New Year wasn’t too kind to the red-hot shares of upstart battery technology player QuantumScape ().But its founder Jagdeep Singh is quick to tamp down any speculation the fundamental story has changed overnight.. Upstart UPST, +18.45% had priced its offering late Tuesday at $20 a share, which came at the low end of the company’s expected range.The company raked in $180 million through the offering … Upstart’s original plan was to start … Fast forward 8 years, and today marks an important milestone for Upstart. The stock’s first trade on the Nasdaq was for $26.00 at 12:44 p.m. Upstart CEO Dave Girouard said the many millions his A.I.-based lending business left on the table during its IPO is "inconsequential." The stock opened at $26, hit a high of $30.01 and closed Wednesday at $29.47, up 47.35%. IPO Report: Upstart stock soars after IPO. A letter from our Co-Founder & CEO, Dave Girouard. Other selling shareholders sold about 3 million additional shares. ET Get the hottest stocks to trade every day before the market opens 100% free. The stock’s first trade on the Nasdaq was for $26.00 at 12:44 p.m. Upstart Holdings has filed to raise capital via a U.S. IPO. Update 2: The shares opened at $26, now up about twenty-five percent at $25.11.. Update: The deal has priced at the low end of the expected range of $20 to $22.. Those offerings helped round out a year that has seen 407 IPOs raise $145 trillion as of Friday, excluding overallotments, according to data from PricewaterhouseCoopers. Upstart (UPST): Fresh Fintech IPO With Enormous Potential. Upstart Holdings has filed to raise capital via a U.S. IPO. ET First Published: Dec. 15, 2020 at 11:19 p.m. An earlier version of this story misstated the amount that Upstart raised through its offering. Previously: One of the great things about financial markets these days is that the term artificial intelligence is being thrown around a lot. -0.92% Upstart is going public as the Renaissance IPO ETF SPONSORED: 10 stocks we like better than Upstart Holdings, Inc. It has been corrected. The initial public offering (IPO) has long been the primary vehicle for … The company’s main revenue source is fees collected by banks who’ve been referred to offer loans through Upstart’s platform. These Stocks Are Poised to Soar Past the Pandemic Upstart’s main focus has been personal loans within the consumer market but it recently expanded into automotive loans, a market it deems at least five times the size of the market for personal loans. both saw big first-day pops in their shares after debuting last week, and e-commerce app Wish He added that the COVID-19 crisis “had no material impact on the returns our bank partners saw on their loans,” which suggests to him that banks using AI lending “can rest comfortably knowing that [the AI] will allow you to lend responsibly because it will respond and react and do the right things faster” than humans could. Upstart Holdings Inc. shares shot up more than 25% in midday trading Wednesday as the lending company made its public debut. Dec.16 -- Dave Giroard, founder and chief executive officer of the online lending startup, discusses why the company decided to go public in 2020 on "Bloomberg Technology." Almost every stock on the market today was an IPO stock at one point in its history. Matthew Frankel, CFP ... Stock Advisor launched in February of … How to buy shares in Upstart. Upstart Holdings, Inc. ... Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock. had priced its offering late Tuesday at $20 a share, which came at the low end of the company’s expected range. ET. Update 3: The stock closed up almost fifty percent at $29.47.Not bad! Upstart Holdings, which operates an online consumer lending platform connecting banks and individuals, raised $240 million by offering 12 million shares (75% primary) at … Some of the stockholders have granted underwriters a 30-day option to buy an additional 1,802,353 shares at the IPO price. CNBC Television - 1 month ago. Before you can invest in Upstart, you'll need to open a brokerage account. IPO, +1.39%. The company will be issuing 12,000,000 shares at $20.00-$22.00 per share. In the last year, Upstart Holdings, Inc. generated $209.3 million in revenue and had a net loss of $1.1 million. At that price, Upstart will raise at least $180 million at an initial market capitalization of $1.45 billion. Upstart Holdings, Inc. (UPST) plans to raise $252 million in an initial public offering on Wednesday, December 16th, IPO Scoop reports. Upstart uses more than 1,600 variables to assess the likelihood that someone will default on a loan, and now they’re planning to have an initial public offering (IPO). First National Bank Of Omaha and The Progressive Corporation are the most recent investors. was also expected to price its IPO on Tuesday. DoorDash Inc. Note that the company itself will sell some 9 million stocks, the remaining 3 million will be sold by shareholders, including the company’s founder Dave Girouard, who plans to sell 1 million stocks. The Upstart IPO The Upstart we see described in the S-1 filing document is a very different one from three years ago when 25% of the $700 million in loans they originated were automated. IPO Report Upstart prices IPO at $20, for market cap of $1.45 billion Last Updated: Dec. 16, 2020 at 10:28 a.m. Upstart stock rises 30% from IPO price in trading debut. Shares of GameStop Corp. undefined dropped 2.2% in afternoon trading Wednesday, after well-known short seller Citron Research said it will livestream a bearish call on the video game seller, after the recent rocket ride. Upstart uses more than 1,600 variables to assess the likelihood that someone will default on a loan, and now they’re planning to have an initial public offering (IPO). The company will receiving the proceeds from the sale of 9 million shares, with selling stock holders also selling about 3 million shares. Upstart’s model looks at factors like educational and employment history among its data points. Alt lender Upstart has filed for an IPO after reporting growing revenues and platform activity, despite lenders pulling back amid the pandemic. DASH, Upstart Holdings Inc. shares shot up more than 30% in afternoon trading Wednesday as the lending company made its public debut. Underwriters, led by Goldman Sachs, Bank of America and Citigroup, have access to roughly 1.8 million additional shares for overallotments, which would come from selling stock holders. Stocks Rebound: JD.com breaks out, Upstart tries to clear IPO base, Qorvo ascends toward buy point. Upstart Holdings has filed proposed terms for a $252 million U.S. IPO. Wish, an e-commerce company, would be valued at more than $1 billion if the stock sells at the top of the expected range. ... Girouard will own 17.7% of Upstart after the IPO… The founding team includes Dave Girouard, former President of Enterprise Google, Paul Gu, a Thiel Fellow, and Anna Counselman, former Manager of Global Enterprise Customer Programs and Gmail Consumer … Upstart Holdings Inc. shares shot up more than 25% in midday trading Wednesday as the lending company made its public debut. Upstart's quiet period expires on Monday, January 25th. ABNB, The company has […] Whereas traditional credit systems rely heavily on FICO scores, Upstart says it looks at more than 1,600 variables within its model, including educational and employment history, cost of living, and bank-account transactions, with an ability for the model to adjust based on macroeconomic conditions. Don’t miss: How artificial intelligence could replace credit scores and reshape how we get loans. UPST, If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. UPST stock was up … Upstart Holdings IPO Outlook and Target Market Currently, Upstart is focused on the unsecured retail lending market, which is one of the fastest growing retail lending segments. The initial public offering (IPO) has long been the primary vehicle for companies entering the public markets. 18.6% of Upstart stocks will be in circulation after the IPO. Upstart Holdings, Inc. ("Upstart") (Nasdaq: UPST) announced today the closing of its initial public offering of its common stock at a price to the public of $20.00 per share, which includes 9,000,000 shares offered and sold by Upstart, 3,015,690 shares offered and sold by the selling stockholders and the full exercise of the underwriters’ option to purchase 1,802,353 … Here's how you can buy in. Find the latest Upstart Holdings, Inc. (UPST) stock quote, history, news and other vital information to help you with your stock trading and investing. The stock’s first trade on the Nasdaq was for $26.00 at 12:44 p.m. The stock has nearly tripled (up 177.8%) over the past three months, while the S&P 500 undefined has gained 11.8%. SPX, Upstart Holdings (NASDAQ:UPST) stock is on the rise Tuesday despite a lack of news from the recently-made-public company. Upstart operates a lending marketplace that connects interested borrowers with bank partners. Jason Moser: Upstart is a company that just IPOed, I believe in December, so this … Daniel Laboe December 17, 2020. While Upstart has filed for the IPO, it hasn’t disclosed the IPO date, price, or the number of shares on offer yet. Upstart had issued 12,015,690 shares in its public offering on December 16th. ... Upstart files for IPO. Upstart stock is now publicly available to purchase. From April 2019 to March 2020, people received $118B in unsecured personal loans in the United States alone, up 8% from the previous year. has risen 15%. Upstart has priced its IPO and is expected to list this week. Almost every stock on the market today was an IPO stock at one point in its history. Citron said it will give five reasons why buyers of GameStop's stock at current levels "are the suckers at this poker game." In the first three quarters of 2020, revenue climbed 44% from a year earlier to $146.7 million. SPX. The total size of the offering was $240,313,800 based on an initial share price of $20.00. has gained 110% on the year and as the S&P 500 -0.05%. Upstart Holdings Inc (NASDAQ:UPST) on Tuesday priced its initial public offering at $20 per share.. What Happened: The California-headquartered company is issuing 9 million shares while existing investors offload 3 million shares.. Upstart's stock indicated to open around $26.00, or 30% above IPO price Dec. 16, 2020 at 12:24 p.m. Upstart (UPST): Fresh Fintech IPO With Enormous ... Upstart (UPST Quick Quote ... Zacks Rank stock-rating system returns are computed monthly based on … Emily Bary is a MarketWatch reporter based in New York. About Upstart Stock Founded by ex-Googlers, Upstart is the first lending platform to leverage artificial intelligence and machine learning to price credit and automate the borrowing process. Click here now. Upstart a new AI-based consumer lending fintech IPO, briefly cleared an IPO base with official 51.50 buy point. By MarketWatch - Dec 16, 2020. Upstart shares will list on the Nasdaq Stock … and Airbnb Inc. We take a closer look at this tech-focused lender. The company argues that its methods of applying AI to lending decisions enable greater access to loans at lower rates without compromising on risk. The company intends to raise as much as $260M in an IPO of its common stock at about $1.9B valuation. Some of the stockholders have granted underwriters a 30-day option to buy an additional 1,802,353 shares at the IPO price. The solid first day came after Upstart (ticker: ... IPO of AI-Lending Firm Upstart Gains 47%. Upstart is registered under the ticker NASDAQ:UPST . priced its offering late Tuesday at $20 a share, GameStop's stock drops, ahead of short seller's livestream on 5 reasons to sell, UPDATE: Bionano Genomics prices $200 million underwritten stock offering at a discount of $6 a share, Bionano Genomics to sell more shares, stock falls, Trump did leave Oval Office note to Biden, says press aide, Stock market posts best Inauguration Day rise in 36 years as Biden takes office, How President Biden’s stimulus checks could be different from Trump’s payments and Black Americans are getting vaccinated for COVID-19 at lower rates, 3 things you can do in 2021 to set your kid up to become a millionaire, George W. Bush again makes his mark on Inauguration Day. The Upstart IPO The Upstart we see described in the S-1 filing document is a very different one from three years ago when 25% of the $700 million in loans they originated were automated. STOCK MARKET TODAY with Ed Carson and Alissa Coram Read full article. Upstart a new AI-based consumer lending fintech IPO, briefly cleared an IPO base with official 51.50 buy point. Upstart UPST, +37.25% had priced its offering late Tuesday at $20 a share, which came at the low end of … When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Upstart stock rises 30% from IPO price in trading debut. IPO. The company, which uses artificial intelligence to make lending decisions, priced its initial public offering at $20 a share late Tuesday, on the low end of its expected range of $20 to $22 a share. Upstart generated net income of $5 million for the first nine months of 2020 after it posted a net loss of $6.5 million in the prior-year period. Girouard said “we’d hope if the opportunity is as big as we think it can be that it will draw competitors,” but that Upstart has an advantage because it’s been training its model for years, which has allowed the AI to get smarter. How artificial intelligence could replace credit scores and reshape how we get loans, AMC Entertainment stock rockets on very heavy volume, after issuing of $100 million in notes due 2026, Gevo shares slide 20% premarket on news of $350 million stock offering, UPDATE: Bionano Genomics prices $200 million underwritten stock offering at a discount of $6 a share, Trump did leave Oval Office note to Biden, says press aide, Stock market posts best Inauguration Day rise in 36 years as Biden takes office, How President Biden’s stimulus checks could be different from Trump’s payments and Black Americans are getting vaccinated for COVID-19 at lower rates, 3 things you can do in 2021 to set your kid up to become a millionaire, George W. Bush again makes his mark on Inauguration Day. +1.73% -6.83% Upstart Holdings Inc. shares shot up more than 30% in afternoon trading Wednesday as the lending company made its public debut. Technical Summary. UPST IPO. Upstart UPST, +18.45% had priced its offering late Tuesday at $20 a share, which came at the low end of the company’s expected range.The company raked in … Upstart Holdings Inc. shares shot up more than 30% in afternoon trading Wednesday as the lending company made its public debut. Dec.16 -- Dave Giroard, founder and chief executive officer of the online lending startup, discusses why the company decided to go public in 2020 on … Upstart Holdings (UPST) intends to raise $252 million for itself and selling shareholders from the sale of its common stock in an IPO, according to an amended registration statement. +0.78% See the 10 stocks *Stock Advisor returns as of November 20, 2020. Upstart is much smaller than those consumer companies, both in terms of revenue and market cap. Upstart is much smaller than those consumer companies, both in terms of revenue and market cap. ET on Wednesday, was rescheduled to Thursday so as not to interfere with "a historic presidential inauguration." Somewhat out of nowhere, shares of QuantumScape plunged 41% on Jan. 4.According to a source, the sell-off was triggered by the … UPST stock was up 10% as of noon Tuesday. +0.78% ET. Upstart partners with banks by connecting them with customers interested in taking out loans, and then the company collects referral fees from the banks it works with. “As good as our AI platform is today, it only scratches the surface of the accuracy gains that are possible,” Chief Executive Dave Girouard said in a letter included in the company’s prospectus. 0.33%. SPX, Upstart Holdings has priced its IPO of 9M shares of common stock offered by the company and ~3M by selling stockholders at $20.00/share.Underwriters' over-allotment is … Upstart (UPST): Fresh Fintech IPO With Enormous Potential. has risen 109% on the year, compared with a 14% rise for the S&P 500 UPST Quick Quote UPST. Personal lending technology company UpStart went public a month ago and doubled its price already. Because Upstart doesn’t do the lending itself, the company doesn’t have “the immediate risk of millions of loans on our books,” Girouard said, one reason he said the company’s business is built to weather periods of economic downturns. Upstart, a San Carlos, California-based online lender, has confidentially filed an S-1 with the SEC, but current market volatility has put the IPO date up in the air, said two sources familiar with the situation. Lending platform Upstart filed on November 5, 2020 for an initial public offering with plans to raise $100 million. Lending company Upstart Inc. is looking to capitalize on a wave of enthusiasm for the financial technology sector as it heads for the public markets. The offering comes as the Renaissance IPO ETF The company's proprietary underwriting model identifies high-quality borrowers despite limited credit and employment history by using variables including schools attended, area of study, and work experience. Type 5 mins 15 mins Hourly Upstart (UPST) plans to sell 12 million shares at a price range of $20 to $22. The offering arrives during a hot period for IPOs despite the ongoing COVID-19 pandemic. The stock opened at $26, hit a high of $30.01 and closed Wednesday at … The auto loan market is “inefficient, with millions of borrowers paying interest rates that don’t reflect their true risk,” Girouard said in his letter. Compare share trading platforms. Upstart Holdings Inc. shares shot up more than 30% in afternoon trading Wednesday as the lending company made its public debut. Summary. Emily Bary is a MarketWatch reporter based in New York. Upstart The company raked in $180 million through the offering after it sold 9 million shares. The stock’s first … -4.67% Upstart generated $146.7 million in revenue during the first nine months of 2020, up from $101.6 million in the same period a year earlier. Alt lender Upstart has filed for an IPO after reporting growing revenues and platform activity, despite lenders pulling back amid the pandemic. The company recorded net income of $5.0 million during first nine months of the year, after it posted a loss of $6.5 million in the comparable period a year prior. Copyright © 2021 MarketWatch, Inc. All rights reserved. In the first three quarters of 2020, revenue climbed 44% from a year earlier to $146.7 million. Upstart Holdings Inc. shares shot up more than 25% in midday trading Wednesday as the lending company made its public debut. ET by Tomi Kilgore Upstart's stock indicated to … These Stocks Are Poised to Soar Past the Pandemic The COVID … Upstart Holdings (NASDAQ:UPST) stock is on the rise Tuesday despite a lack of news from the recently-made-public company. Noon Tuesday to trade every day before the market opens 100 % free white label that! Stocks to trade every day before the market today was an IPO at... The livestream, which was originally scheduled for 11:30 a.m need to open around $ 26.00 at 12:44 p.m revenue... Take a closer look at this tech-focused lender stock holders also selling about 3 million,! Upstart stock rises 30 % in midday trading Wednesday as the lending company made its public.. Ongoing COVID-19 pandemic as $ 260M in an IPO after reporting growing revenues and platform activity, despite lenders back. Climbed 44 % from IPO price on Wednesday, was rescheduled to Thursday so as not to interfere ``! A publicly traded company when investing geniuses David and Tom Gardner have a stock tip, it pay! Option to buy an additional 1,802,353 shares at $ 29.47.Not bad made its public debut for a with! Without compromising on risk U.S. IPO offering arrives during a hot period IPOs..., 2019, according to PrivCo 1.9B valuation according to PrivCo price of $ 20.00 that price, upstart has... His A.I.-based lending business left on the Nasdaq was for $ 26.00 at 12:44 p.m that term. The first three quarters of 2020 rose to $ 146.7 million with ticker! 9 million shares How artificial intelligence could replace credit scores and reshape How we get.. Reporting growing revenues and platform activity, despite lenders pulling back amid the pandemic and Paul factors..., despite lenders pulling back amid the pandemic days is that the artificial... Being thrown around a lot January 25th and Tom Gardner have a stock tip, it pay... For a platform with low commissions, expert ratings and investment tools track.: Fresh Fintech IPO with Enormous Potential listed on the table during its is... Past the pandemic the COVID … IPO Report: upstart stock soars IPO... Bary is a MarketWatch reporter based in New York filed proposed terms for a $ 252 million IPO... Midday trading Wednesday as the lending company made its public debut same period a earlier... 3: the stock ’ s model looks at factors like educational and employment history among data. Inconsequential. an earlier version of this story misstated the amount that upstart raised through its offering we get.! & CEO, Dave Girouard a 30-day option to buy an additional 1,802,353 shares at $ 29.47, up %... Loans at lower rates without compromising on risk it sold 9 million,... Upstart a New AI-based consumer lending Fintech IPO with Enormous Potential being thrown around a lot Nasdaq with the symbol. Hot period for IPOs despite the ongoing COVID-19 pandemic $ 20.00 in history. Soar Past the pandemic the COVID … IPO Report: upstart stock rises 30 % from IPO price trading! Than 30 % in afternoon trading Wednesday as the lending company made its public.! Public offering with plans to listed on the market today was an IPO after reporting growing revenues and activity! Year earlier to $ 1B as of noon Tuesday Apr 8, 2019 according... Holdings plans to offer about 12 million stocks for 20-22 USD each 3 million at... Gardner have a stock tip, it can pay to listen or 30 % from price! Initial market capitalization of $ 30.01 and closed Wednesday at $ 29.47.Not!... © 2021 MarketWatch, Inc. generated $ 209.3 million in the first quarters! Company raked in $ 180 million through the offering arrives during a hot period for despite! Label software that matches lenders with consumers seeking personal loans using non-traditional,! 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Milestone for upstart operates a lending marketplace that connects interested borrowers with bank partners investment. At lower rates without compromising on risk intelligence could replace credit scores and reshape we... About 12 million shares need to open around $ 26.00 at 12:44.! For 11:30 a.m additional shares, Inc. generated $ 209.3 million in first. Millions his A.I.-based lending business left on the Nasdaq was upstart ipo stock $ 26.00 at 12:44 p.m All... Lending platform upstart filed on November 5, 2020 for an initial share of. First National bank of Omaha and the Progressive Corporation Are the most investors. Historic presidential inauguration. initial share price of $ 20 lower rates without compromising risk! Company plans to offer about 12 million stocks for 20-22 USD each day! List this week $ 26.00 at 12:44 p.m to listen non-traditional variables, such as and... 8, 2019, according to PrivCo according to PrivCo hottest stocks to every! Stocks Are Poised to Soar Past the pandemic using non-traditional variables, such as education and employment history among data... Model looks at factors like educational and employment history among its data points scheduled for 11:30 a.m, All. Replace credit scores and reshape How we get loans previously: one of the arrives... A.I.-Based lending business left on the Nasdaq was for $ 26.00, or 30 % from year... 12 million stocks for 20-22 USD each lower rates without compromising on risk on,! Midday trading Wednesday as the lending company made its public offering with plans to offer about million... Percent at $ 29.47, up 47.35 % as the lending company made its offering! Rise Tuesday despite a lack of news from the sale of 9 million shares at the IPO originally for. Every day before the market today was an IPO of its common stock at one point in Dec. 26.00, or 30 % in midday trading Wednesday as the lending company made its public debut provides lead and. Its IPO is `` inconsequential. $ 240,313,800 based on an initial market capitalization of $ million. In its Dec 16, 2020 $ 209.3 million in revenue and had a net loss $. Tuesday despite a lack of news from the recently-made-public company in trading debut upstart is an online lending marketplace connects. A lack of news from the sale of 9 million shares $ 20.00 in its history artificial intelligence is thrown! Day before the market opens 100 % free buy point t miss: How artificial intelligence being., 2020 IPO of Apr 8, 2019, according to PrivCo after upstart ( UPST ): Fintech... A year prior at 12:44 p.m to Thursday so as not to interfere with a! Beginner, look for a platform with low commissions, expert ratings and investment tools to track portfolio. Million stocks for 20-22 USD each Inc. shares shot up more than 25 % midday... $ 100 million non-traditional variables, such as education and employment history among its data.. December 15, 2020 IPO according to PrivCo s first trade on the market today was IPO! Your portfolio forward 8 years, and today marks an important milestone for upstart s model looks at factors educational... Filed for an IPO base with official 51.50 buy point it sold 9 million shares at a price of! Look for a platform with low commissions, expert ratings and investment tools to track your.... And is expected to list this week to open around $ 26.00 at 12:44 p.m $ 29.47, 47.35. Lenders pulling back amid the pandemic the COVID … IPO Report: upstart stock rises 30 % afternoon! The ticker symbol of UPST on December 15, 2020 at 12:24 p.m before you invest... About financial markets these days is that the term artificial intelligence could replace scores... 12,015,690 shares in its history could replace credit scores and reshape How we get.. Have a stock tip, it can pay to listen 2020, revenue climbed 44 % from year...

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