When shares of OnDeck Capital jumped 20 percent in three days last week following the company’s $20 per share initial public offering on December 17, one of the biggest beneficiaries was the venture capital arm of Tiger Global Management.
The New York–based firm’s stake in the online lending platform for small businesses rose more than 70 percent in the first two days of trading and is still up 64 percent after the stock fell nearly 7 percent on Friday.
