loanDepot (LDI) IPO Opens Flat

Today's IPO for loanDepot (NYSE: LDI) opened for trading at $14 after pricing 3,850,000 shares of its Class A common stock at $14.00 per share.

Goldman Sachs & Co. LLC, BofA Securities, Credit Suisse and Morgan Stanley are acting as lead book-running managers for the offering. Barclays, Citigroup, Jefferies and UBS Investment Bank are acting as book running managers, and JMP Securities, Nomura, Piper Sandler, Raymond James, William Blair and AmeriVet Securities are acting as co-managers for the offering.

An innovator since its inception in 2010, LD Holdings Group LLC and its subsidiaries continues to disrupt the lending industry with its focus on creating the technologies needed to deliver seamless borrowing experiences to its customers. loanDepot debuted the industry's first end-to-end fully digital loan, the mello smartloan™, in 2019. To date, loanDepot has funded over $275 billion in mortgage loans and ranks as one of the nation's largest retail mortgage lenders and the second largest nonbank retail mortgage lender.

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