Open Lending
Fintech / auto lendingUSA
📉 Public < $1B
Peak $3 BillionToday
−88%
from peak
- 🦄Became a unicorn2020
- 📈Peak valuation$3 Billion ’21
- 💔Became a Unitard2022
- 💸Last valuation~$369M
Current status
Public (Nasdaq: LPRO); market cap ~$0.6B, well below its 2021 peak amid shrinking loan volumes.
Live · LPRO· NasdaqGM
as of 2026-06-29
$3.12▼ 0.32% today
≈ $369 Million market cap · −87.7% from peak
How it happened
Open Lending runs Lenders Protection, an analytics and insurance platform that helps banks and credit unions underwrite near- and non-prime auto loans, and went public in June 2020 via a SPAC merger with Nebula Acquisition Corp at about a $1.08B enterprise value. Its stock soared in the 2021 boom, lifting its market value to roughly $3B, before rising rates, falling used-car prices and shrinking certified-loan volumes battered the business. The shares fell about 80%, leaving Open Lending worth around $600M — back below $1B.
Source: FT Partners / GlobeNewswire / Investing.com ($1.08B SPAC EV via Nebula Acquisition Corp, June 2020; peaked ~$3B market cap in 2021; ~$613M market cap by 2026 amid declining certified loan volumes)
