GreenSky LLC, an online platform for consumers to get loans for home improvements or cosmetic surgery, made its market debut on Thursday, with shares rising slightly above the initial public offering price. The Atlanta-based firm's upsized initial public offering of 38 million shares was priced at $23 per share earlier on Thursday, raising about $874 million.
"Our ambitions are to continue to grow and be a very, very large company," Chief Executive David Zalik said in a telephone interview. "We've been building this business for 12 years." Having fallen as much as 4 percent in early trading, the stock was up at around $23.10 later in the day.
GreenSky is considered one of the most attractive fintech names in America. It is also the second fintech company this week after payments processor EVO Payments Inc to see its IPO priced at the upper end of the expected range.