loanDepot Raises Just $54M in Downsized IPO

HousingWire, Feb. 11, 2021–James Kleimann
Online retail lender loanDepot raised just $54 million by offering 3.9 million shares at $14 on Thursday, far below the range of $19 to $21 it initially had sought. The downsized offering follows a theme that’s afflicted almost all of the nonbank mortgage originators that have gone public in the last year.