loanDepot Files For Proposed Initial Public Offering

Posted by Patrick Barnard on October 12, 2015 No Comments
Categories : Residential Mortgage

Non-bank lender loanDepot Inc., headquartered in both California and Texas, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its Class A common stock.

The number of shares and the price range are yet to be determined. The company's press release says that in connection with this offering, loanDepot Inc. will become the parent company of LLC.

Morgan Stanley, Goldman, Sachs & Co., Wells Fargo Securities, Barclays and UBS Investment Bank are acting as joint book-running managers for the proposed offering, while BMO Capital Markets is acting as co-manager.

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