Millions Raised In IPO For Online Lending Company GreenSky Credit

There are many businesses who get their start online these days. However, not many of them find themselves being successful in their endeavors. However, this is far from the truth for GreenSky Credit. This company has quickly and out of the public eye became a financial giant in the world of finance and loans. They are a recently public company that facilitates loans for customers who apply for funding through their company app. The app can be downloaded onto your smartphone device and allows you to apply for funding for a variety of projects for home improvements.

GreenSky Credit was founded more than 12 years ago and is based out of Atlanta, Georgia. Going public has turned out to be a good decision for the company. They had originally expected to see at least 34 million shares sold at first. However, the first week saw the sale of stocks rise much faster than anticipated.

GreenSky Credit was very pleased to have raised more than $800 million by just going public. They have big plans for the raised funds and one plan is to allow the investors and the company’s management team to be able to take some of their chips off of the table. The company has been being steadily built for more than a decade and the original founding team still held a small portion of the value of the company ownership. The CEO of GreenSky Credit David Zalik, told interviewers that until now he has held a majority of the ownership in the company.

Zalik came to this country with his parents at age four from Israel. He was just 14 years old when he started his very first business of purchasing computer parts and then assembling them by himself in school. He never even attended high school and then dropped out of college in order to devote all of his time to growing his small computer business. He had never thought in a million years that he would one day become the CEO of a large public-funded company. He had spent much of his adulthood keeping to himself while he privately grew his company.

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