loanDepot (LDI) Announces Proposed 15M Share IPO Between $19-$21/Sh

January 27, 2021 9:34 AM EST
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Price: $19.75 -0.7%

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LD Holdings Group LLC (NYSE: LDI) today announced that its newly formed affiliate, loanDepot, Inc. ("loanDepot"), has launched the roadshow for the initial public offering of 15 million shares of its Class A common stock ("Common Stock"). The offering consists of 9.41 million shares of Common Stock being sold by loanDepot and 5.59 million shares of Common Stock being sold by certain funds managed by Parthenon Capital Partners. The initial public offering price is expected to be between $19.00 and $21.00 per share. The shares are expected to trade on the New York Stock Exchange under the ticker symbol "LDI."

loanDepot intends to grant the underwriters a 30-day option to purchase additional shares of Class A common stock from loanDepot. The offering is subject to market conditions, and there can be no assurance as to whether, or when, the offering may be completed or as to the actual size or terms of the offering.

Goldman Sachs & Co. LLC, BofA Securities, Credit Suisse and Morgan Stanley are acting as lead book-running managers for the proposed offering. Barclays, Citigroup, Jefferies and UBS Investment Bank will be book running managers, and JMP Securities, Nomura, Piper Sandler, Raymond James, William Blair and AmeriVet Securities will act as co-managers for the proposed offering.

AmeriVet Securities is owned and operated by disabled U.S. military veterans, whom loanDepot is committed to supporting through a variety of initiatives.

The proposed offering will be made only by means of a prospectus.

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