Home Point Capital Inc.

Home Point Capital Inc. (HMPT) priced its initial public offering on Feb 1, 2021 at $13.00 per share, below its $19.00–$21.00 range. At the IPO price its market capitalization was about $1.81B. Goldman Sachs was lead-left underwriter, joined by Wells Fargo, Morgan Stanley and UBS and others. Simpson Thacher advised the company and Davis Polk advised the underwriters.

Home Point Capital Inc. is a residential mortgage originator and servicer with a nationwide network of partner relationships. Its primary focus is a wholesale business-to-business-to-customer channel, and it services loans in-house through a proprietary portal called the Home Ownership Platform.

Status

IPO

Ticker

HMPT

Priced

Feb 1, 2021

IPO price

$13.00

Price range

$19.00–$21.00

Market cap at IPO price

$1.81B

First filed

Jan 8, 2021

Underwriters

Goldman Sachs, Wells Fargo, Morgan Stanley, UBS, Credit Suisse, J.P. Morgan, BofA Securities, Citizens JMP, Piper Sandler, R. Seelaus, Wedbush and Zelman Partners

Company counsel

Simpson Thacher

Underwriters' counsel

Davis Polk

Sector

Financials

Country / state

MI

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