Here is a link to the Prosper S1 SEC Filing

S1 From Wikipedia (here):

Form S-1 is an SEC filing used by public companies to register their securities with the U.S. Securities and Exchange Commission (SEC). The S-1 contains the basic business and financial information on an issuer with respect to a specific securities offering. Investors may use the prospectus to consider the merits of an offering and make educated investment decisions. A prospectus is one of the main documents used by an investor to research a company prior to an initial public offering (IPO). Other less detailed registration forms, such as Form S-3 may be used for certain registrations.

This morning I found this: http://biz.yahoo.com/bw/071031/20071031005280.html?.v=1

Following effectiveness of the registration statement, Prosper intends to establish and maintain a secondary trading market online auction platform, or Resale Platform, pursuant to which lenders may seek to transfer borrower notes to other Prosper registered lenders.

The registration statement relates to the Prosper Marketplace Lender Participant Rights, which represent Prosper’s obligations to seek to establish and maintain the Resale Platform and to provide various administrative, clerical, recordkeeping, identity verification, payment processing, collection and other services, associated with $500,000,000 in aggregate principal amount of Prosper Marketplace Borrower Non-Recourse Notes originated and to be originated on the Platform from time to time after the registration statement is declared effective by the SEC.

All of the securities to be sold in this offering will be sold by Prosper through the operation of the Platform

Bring on the secondary market!!!

Related Posts

• Prosper Launches "Real" Facebook App From "Prosper Jon"... (I am on Facebook and I am using this application.) ---- We recently launched a beta Facebook application called “Prosper”. This is one of the upcoming features alluded to by Andrew in his Sep 12 site update announcement. As some of you know, we’ve experimented with the Facebook......
• Best Reasons to Use Unsecured Loans Prosper is a p2p lending marketplace for unsecured loans. Borrowers can borrow money up to $25,000 via an unsecured 3 year fully amortized note. New lenders recieve a $25 bonus on entering your first loan. The following is a guest post anybody else interested in a guest post should email......
• Prosper Site Update 12/2007 Verbatim from amf of Prosper... All, Tonight we did a bunch of back-end work and made a couple of changes that you might notice...   Lender overview changes We've received a lot of feedback from lenders that the "Active loan summary" box on the "Your Account > Lending" page is......
• Prosper Ordered to Cease and Desist by SEC http://www.sec.gov/litigation/admin/2008/33-8984.pdf It appears to me that the ruling is that they have been selling unregistered securities without a license.  What does that mean for the lenders?   Doesn't the board and company officers have some personal liability too? There is some discussion at prospers.org: http://www.prospers.org/forum/prosper_order_to_cease_and_desist_by_sec-t10903.0.html No one seems sure just yet... SEC: UNITED......
• Lending Club Files S1 with SEC Lending Club has filed an S1 with the SEC (link to S1 filing). It looks to be similar in nature to the Prosper filed an S1 reported here on 10/30/2007. This continues the Lending Club quiet period started on 4/8/2008. Originally I had guessed 7 months to 1.5 years for......

Related Websites

• Benefiting from a Countdown Pregnancy Ticker When you find out that you are pregnant, you may suddenly find yourself feeling overwhelmed. I mean, think of all the things that you have to consider: Morning sickness, pregnancy diets, routine physician visits, keeping all of the dates straight. All of the happy and truly wonderful and exciting moments......
• Prosper.com Closes Accounts of All South Dakota Lenders Prosper.com recently sent out emails to everyone in the state of South Dakota and informed them that they would no longer be accepting citizens from South Dakota as lenders on their website. They claim there are complicated lending practices which make it excessively difficulty to operate in the state, which......
• The End of The Casual Observer Yes, you read that correctly.  The Casual Observer will cease to exist in the near future. In the beginning, the site was a lone Casual Observer (kosmo) expounding on topics that interested him.  Over the past 18 months, the staff has grown, and we have people jumping up on their......
• Security pro harvests info on 100 million Facebook users [/caption] How easy would it be to compile a list of, say, 20 percent of Facebook's user base, including their full name, unique user ID and URL of their Facebook page? Awfully easy, it turns out. Computer security consultant Ron Bowes did exactly that, BBC News reports. He snagged a......
• What Happened to Prosper.com? During the end of 2006 and the beginning of 2007, there was a brand new crazy hitting the world of personal finance. Consumers would lend money to one-another and completely bypass the financial system. Lenders would get a great interest rate on the money they put out and borrowers who......

Online Stores

• Federal Reserve Notes Large Size Notes Paper Money: US Coins & Paper Money
• Vintage Platform Womens Shoes
• Pro Form Treadmills Cardiovascular Equipment Gym, Workout & Yoga Exercise & Fitness
• Federal Reserve Notes Large Size Notes Paper Money: US Coins & Paper Money
• Platform Womens Shoes

If you liked this article, vote for it on del.icio.us and stumbleupon.


Categories:

Features, Prosper.com

Tags:

azerbaijan, mozambique