New Fintech IPO Offers Litmus Test for Online Lenders

GreenSky hopes to break a string of disappointing debuts for other fintech upstarts.

For all the promise of online lending companies, the two most closely watched stocks in the sector have been flops, while other upstarts have backed away from public offerings. This week, a new entrant, GreenSky Inc., hopes to break the downward trend.

The firm is planning a $700 million public offering that would give it a market value of...