UWM’s Ishbia on the Rationale for Going Public via Merger over IPO

National Mortgage News, Sept. 25, 2020–Brad Finkelstein (subscription)
Going public through a special-purpose acquisition company is “a more efficient, better process” than doing an initial public offering,” according to United Wholesale Mortgage President and CEO Mat Ishbia. UWM will accomplish thisby combining with a publicly traded investment vehicle, Gores Holdings IV.
https://www.nationalmortgagenews.com/news/uwms-ishbia-on-the-rationale-for-going-public-via-merger-over-ipo