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!!!
If you liked this article, vote for it on del.icio.us and stumbleupon.Categories:
Features, Prosper.com
Related Articles
Convert Prosper XML to CSV
Prosper in Quiet Period?
Lending Club Files S1 with SEC
Ayn Rand Indecisive Liberal, Prosper Blog, and Other Prosper Changes
Import Prosper.com Listing, Loan, Group, Member Data into Microsoft Sql Server 2000
Public Timetables Paper Railroadiana, Trains Transportation Collectibles
X-Files Science Fiction Collectibles
X-Files Sci-Fi, Fantasy Trading Cards Collectibles
Bradford Exchange Decorative Collectible Brands Decorative Collectibles Collectibles
Collector Plates Bradford Exchange Decorative Collectible Brands Decorative Collectibles Collectibles
7 comments ↓
What has the history of this been? According to one source (http://www.fdic.gov/about/comein/files/The_Ebay_of_Loans.pdf), there has already been one failed attempt by prosper.com to create a secondary market. Does anyone have further detail on this?
[...] Prosper Files S1 With SEC [...]
[...] Mike had posted previously about Prosper filing with the SEC. RateLadder also posted information on Prosper’s SEC filing. The key line from my perspective from the Prosper filing is: Prosper intends to establish and [...]
Have you heard any update on this from Prosper? I’ve e-mailed them for comment, but so far no response. It’s my understanding that the SEC usually responds to this type of filing….yet I can’t find any update on this at all from Prosper. I’m assuming its dead….but…
I am pretty sure that one way or the other any SEC response would be public… I certainly do NOT think this is dead.
[...] 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 [...]
[...] I though Prosper had already done this: http://www.rateladder.com/2007/10/30/prosper-files-s1-with-sec/ [...]
Leave a Comment