LendingTree, Inc. raised $112.41 million in its follow-on offering at $115.0 per share. Needham acted as a co-manager on the transaction. The Company’s underwriters fully exercised their option to purchase an additional 127,500 shares of common stock at the follow-on offering price to cover over-allotments. The net proceeds from the sale of the shares from the offering will be used by LendingTree, Inc. for general corporate purposes, including but not limited to, working capital and potential acquisitions.
LendingTree, Inc. (NASDAQ: TREE) operates a leading online loan marketplace and provides consumers with an array of online tools and information to help them find the best loans for their needs. The Company's online marketplace connects consumers with multiple lenders that compete for their business, empowering consumers as they comparison-shop across a full suite of loans and credit-based offerings. The Company provides access to lenders offering home loans, home equity loans/lines of credit, reverse mortgages, personal loans, auto loans, small business loans, credit cards, student loans and more.