What’s happening with mortgage IPOs? James Kleimann explains
October 6, 2020
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Today’s Daily Download episode features an interview with HousingWire Mortgage Editor James Kleimann. In this episode, Kleimann discusses the recent uptick of mortgage companies like Rocket Companies and United Wholesale Mortgage entering the public arena and filing for IPO.
Kleimann also delves into the significance of special purpose acquisition companies and discusses the role they play in public debuts.
For some background on the interview, here’s a brief summary of Kleimann’s recent article on the latest mortgage lender to file for a public offering.
AmeriHome on Thursday became the latest mortgage lender to file for a public offering, the latest to do so amid a coronavirus pandemic that has helped spur record origination volume this year.
The lender told the SEC in a filing that it plans to raise at least $100 million as a placeholder for an upcoming public offering, though it did not disclose the ultimate size of the offering. Renaissance Capital speculated that it could ultimately raise up to $300 million in an IPO.
Like other mortgage firms, California-based AmeriHome has captured a glut of business over the last year due to low interest rates and paltry inventory. Year-to-date, AmeriHome has booked $642 million in revenue for the 12 months that ended June 30, according to the S-1 filing.
The Daily Download examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.
Here are the latest IPO articles from HousingWire that are covered in this episode:
- AmeriHome plans to go public – Let’s look at the numbers
- Caliber Home Loans plans $2B-plus IPO
- As UWM attempts to build an empire, brokers and rivals weigh in on Mat Ishbia’s $16B plan
- United Wholesale Mortgage plans $16B public debut via acquisition
- LoanDepot could make public debut this year at up to $15B
