LoanDepot pulls IPO

LoanDepot pulled its IPO citing market conditions.

The price talk was $16 – $18 per share with a mid-point valuation of approximately $2.5 billion or 30x earnings.

Founded in 2010, Loan Depot is the 11th overall and 2nd largest non-bank residential mortgage lender with originations of over $21 billion through 9/30. Recently, LoanDepot has also branched out into unsecured consumer lending.

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CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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