for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

CORRECTED-Lending platform Upstart's shares jump in Nasdaq debut

(Corrects to Tuesday from Wednesday in second paragraph)

Dec 16 (Reuters) - Shares of Upstart Holdings Inc jumped 30% in market debut on Wednesday, giving the cloud-based artificial intelligence (AI) lending platform a market capitalization of $1.88 billion.

Upstart’s shares opened at $26 on the Nasdaq, above their initial public offering (IPO) price of $20 apiece. The firm raised $240.4 million in its IPO on Tuesday.

Reporting by Sohini Podder in Bengaluru; Editing by Vinay Dwivedi

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up