Guild Holdings Co

Guild Holdings Co (GHLD) priced its initial public offering on Oct 23, 2020 at $15.00 per share, below its $17.00–$19.00 range, raising $97.5M, and listed on NYSE. At the IPO price its market capitalization was about $900M. Wells Fargo was lead-left underwriter, joined by BofA Securities, J.P. Morgan and Citizens JMP. Wachtell Lipton advised the company and Latham & Watkins advised the underwriters.

Guild Holdings Co is a mortgage company, established in 1960, that uses a relationship-based loan sourcing strategy and loan officers to provide personalized home loans in communities across the United States. It describes itself as one of the longest-operating seller-servicers in the country.

Status

IPO

Ticker

GHLD

Exchange

NYSE

Priced

Oct 23, 2020

IPO price

$15.00

Price range

$17.00–$19.00

Raised

$97.5M

Market cap at IPO price

$900M

First filed

Oct 1, 2020

Underwriters

Wells Fargo, BofA Securities, J.P. Morgan and Citizens JMP

Company counsel

Wachtell Lipton

Underwriters' counsel

Latham & Watkins

Sector

Financials

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.