loanDepot (LDI) Said to Delay IPO
Get Alerts LDI Hot Sheet
Join SI Premium – FREE
loanDepot, Inc. (NYSE: LDI) is said to be postponing its IPO.
After filing to go public last month, the WSJ noted that loanDepot cited current market conditions on the decision to delay the offering.
loanDepot was planning to conduct its IPO with a valuation around $2.6 billion. The company originally planned to sell 30 million shares at $16 to $18 apiece.
Other non-bank finanicals on watch amid the move include LendingClub (NYSE: LC) and On Deck Capital (NYSE: ONDK).
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- loanDepot (LDI) Appoints Jeff Wilkish as Regional VP for New England
- Marex Group (MRX) Opens At $19.50, IPO At $19
- Marex Group (MRX) Prices 15.38M Share IPO at $19/sh
Create E-mail Alert Related Categories
Hot IPOs, IPOsRelated Entities
IPOSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!