GreenSky Continues To Chart New Paths

GreenSky is a name that you need to keep in mind. This is a newer financial services company that has made life considerably easier for those seeking funds to do a home improvement project. They created an app for smartphones that helps homeowners connect with the banks that are willing to lend them money for their improvements.

Americans spend hundreds of billions of dollars per year on home improvements, but most do not have the extra funds just lying around to put into play for these home improvements. Instead, they have to borrow this money in order to get their projects taken care of. That is where GreenSky saw an opportunity.

David Zalik is the founder and CEO of GreenSky. He is not someone who is likely to seek out a reporter or grab some spotlight for himself for any small accomplishment that he has. He is much more of a “keep your head down” kind of guy. He has worked for at least the last ten years to build this business up into the titan that it is today.

GreenSky has become so successful that it is now a public company. They trade shares on the NASDAQ stock exchange.

They launched the IPO with the hope of raising about $700 million dollars. However, the excitement was so huge that the IPO actually generated a total of $800 million dollars on that first day of trading. This allowed some loyal GreenSky employees to cash out their shares and earn some money, but it also meant that the company received some new capital to fund their operations.

The company has put the money that they do have to good use. As recently as 2016 the company has branched out into new types of business. They decided that they would try to offer loan services to those who were seeking money for elective medical procedures such as LASIK surgery. That is important because once again the funding is simply not there for many of these surgeries if one does not have an easy way to gain said funding. It goes to show that this company does not stop when it comes to innovation.

https://www.marketwatch.com/story/greensky-ipo-5-things-to-know-about-the-company-seeking-to-end-fintech-ipo-lull-2018-05-21

https://www.marketwatch.com/story/greensky-ipo-5-things-to-know-about-the-company-seeking-to-end-fintech-ipo-lull-2018-05-21