loanDepot, Inc.

loanDepot, Inc. (LDI) priced its initial public offering on Feb 16, 2021 at $14.00 per share, raising $53.9M, and listed on NYSE. At the IPO price its market capitalization was about $4.55B. Goldman Sachs was lead-left underwriter, joined by BofA Securities, Credit Suisse and Morgan Stanley and others. Kirkland & Ellis advised the company and Davis Polk advised the underwriters.

loanDepot, Inc. is a technology-enabled residential mortgage platform with a consumer brand, launched in 2010. It originated $79.4 billion of loans in the twelve months ended September 30, 2020, and describes itself as the second largest retail-focused non-bank mortgage originator.

Status

IPO

Ticker

LDI

Exchange

NYSE

Priced

Feb 16, 2021

IPO price

$14.00

Raised

$53.9M

Market cap at IPO price

$4.55B

First filed

Jan 11, 2021

Underwriters

Goldman Sachs, BofA Securities, Credit Suisse, Morgan Stanley, Barclays, Citigroup, Jefferies, UBS, Citizens JMP, Nomura, Piper Sandler and Raymond James

Company counsel

Kirkland & Ellis

Underwriters' counsel

Davis Polk

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.