IPOs

Former MBA chair and owner, president, and CEO of Union Home Mortgage, Bill Cosgrove, provides a peek into his pandemic playbook and offers advice to smaller lenders on how to stay competitive amid a rash of companies going public.

Existing-home sales reach 14-year high as bidding wars increase across the country.

Hint: It's not all about the money. Company leadership enumerates the intangible benefits of going public.

And how people involved with Replay Acquisition made it more attractive than an initial public offering, according to CEO Patricia Cook.

If the underwriters' option is exercised, proceeds will bring in $112 million instead of a possible $176 million.

The company expects to get between $17 and $19 per share.

But current owner Blackstone and FOA management will keep 70% of the company after its merger with a SPAC.

Earnings increased by 81% year-over-year as its gain-on-sale margins grew nearly 2.5 times.

Two more lenders, AmeriHome and Caliber, look to join Rocket and United Wholesale Mortgage, by raising capital through public stock offerings.

Called it a better all-around process for United Wholesale Mortgage to become a publicly traded company.