Connect with us

Hi, what are you looking for?

Jewish Business News


Chase Coleman Buys Large Stake in On Deck Capital

Chase Coleman  Deck Capital


Chase Coleman revealed a sizeable stake in recent IPO On Deck Capital, which makes loans of around $250, 000 to small businesses, as reported by Gurufocus. Coleman owns a 9.2% stake in On Deck, to the tune of 6, 333, 004 shares. The company has its initial public offering on December 17, and issued 11.5 million shares. It raised $230 million, and the company has a market cap of $1.3 million.

On Deck is aggressively expanding revenues, raising $48 million in revenues compared to $16.4 million. Its net loss has declined significantly from last year. The company makes money from interest income, and it made $99.9 million on interest compared to $41 million last year.

Chase Coleman was a protegee of Julian Robertson, whose Tiger Capital beat the S&P 500 this year with returns at 16.2%

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

cialis cialis satış