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GreenSky stock stalls after IPO, but CEO sees new growth levers ahead

After two years of a relative drought for financial-technology initial public offerings, GreenSky Inc. made its public debut Thursday.

GreenSky GSKY, +1.57% enables consumer loans at the point of sale, and its IPO is being closely watched by other industry players that may be considering their own offerings but want to first find out if the market will be welcoming. They got mixed messages from GreenSky’s debut, as the company priced its IPO at the high end of its expected range but saw virtually no movement in the share price once trading began.

Chief Executive David Zalik said he isn’t fazed.

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