0001193125-14-437858.txt : 20150109 0001193125-14-437858.hdr.sgml : 20150109 20141209172809 ACCESSION NUMBER: 0001193125-14-437858 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20141209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LendingClub Corp CENTRAL INDEX KEY: 0001409970 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 71 STEVENSON ST. STREET 2: 3RD FL. CITY: SAN FRANCISCO STATE: CA ZIP: 94115 BUSINESS PHONE: 415-632-5666 MAIL ADDRESS: STREET 1: 71 STEVENSON ST. STREET 2: 3RD FL. CITY: SAN FRANCISCO STATE: CA ZIP: 94115 CORRESP 1 filename1.htm CORRESP

LOGO

December 9, 2014

VIA EDGAR

U.S. Securities and Exchange Commission

Division of Corporation Finance

100 F Street, NE

Washington, DC 20549

 

Attention: Kathryn McHale
     Erin Purnell

 

Re: LendingClub Corporation
     Amendment No. 4 to Registration Statement on Form S-1
     Filed December 8, 2014
     File No. 333-198393

Ladies and Gentlemen:

On behalf of LendingClub Corporation (the “Company”), we are responding to the comments of the staff of the Securities and Exchange Commission (the “Staff”) contained in the Staff’s letter dated December 8, 2014. The numbered paragraph below corresponds to the numbered comment in that letter and the Staff’s comment is presented in bold italics.

Risk Factors

Investors in the limited partnership interests offered by LCA…, page 35

 

  1.   We note the revised risk factor on page 35 regarding Section 5 liability refers to the possibility that the Trust or LCA may be found to have engaged in a general solicitation. The staff would like to clarify its position that Section 5 liability may also arise from investors coming to the private offerings through the general solicitation for the Note offering. Please revise the risk factor to adequately address the risk.

In response to the Staff’s comment, the Company will revise its disclosure in the final prospectus filed pursuant to Rule 424(b) under the Securities Act of 1933, as amended, to clarify that Section 5 liability may also arise from investors coming to the private offerings through the general solicitation for the note offering.

* * * * * * * * * * *


Securities and Exchange Commission

December 9, 2014

Page 2

Should the Staff have additional questions or comments regarding the foregoing, please do not hesitate to contact the undersigned at (650) 335-7631 or, in his absence, James D. Evans, at (206) 389-4559.

Sincerely,

/s/ Jeffrey R. Vetter

Jeffrey R. Vetter

 

cc: Renaud Laplanche, Chief Executive Officer
     Carrie Dolan, Chief Financial Officer
     Jason Altieri, General Counsel and Compliance Officer
     LendingClub Corporation

 

     Cynthia C. Hess, Esq.
     James D. Evans, Esq.
     Fenwick & West LLP

 

     Kurt J. Berney, Esq.
     Eric C. Sibbitt, Esq.
     O’Melveny & Myers LLP

 

2

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