loanDepot (LDI) Said to Delay IPO

November 13, 2015 7:00 AM EST
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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).

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