loanDepot (LDI) Announces Proposed 15M Share IPO Between $19-$21/Sh
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loanDepot Announces Launch of Initial Public Offering
January 27, 2021 9:25 AM ESTFOOTHILL RANCH, Calif., Jan. 27, 2021 /PRNewswire/ -- LD Holdings Group LLC 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."
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