IPOs

Proptech CEOs and investors fully expect a huge year for the sector due to the pandemic’s “watershed” effect on digitization, according to Keefe, Bruyette & Woods.

Mortgage brokers are telling the company that they "are looking for another large source," according to President and CEO Willie Newman.

The merger with Capitol Investment V values the title insurer at $3 billion.

Rocket Cos. fell premarket, halting a three-day rally driven by sentiment that the home-loan provider was the latest retail-trader favorite for its high short interest.

The offering went down to $14 from an anticipated $19 to $21 per share.

But the company sees reasons to be optimistic about the second half of the year, CEO and Chairman Michael Nierenberg said during its fourth quarter earnings call

This is the third nonbank mortgage company offering in a row to decrease its size, but the reductions were more severe than the others.

For a surprising number of companies pursuing an IPO is a mistake, Endurance Advisory Partners CEO Stephen Curry says.

While it is looking for a higher price per share, the company will be selling fewer shares on its own behalf.

The mortgage lender will promote its brand, products and services through MLB-related television or radio ads, in addition to digital outlets.

The expected pricing range is between $19 and $21 per share if all 14.4 million shares to be offered are sold.

United Wholesale Mortgage is the third nonbank lender to complete the process of going public since the wave of announcements started last year.

A portion of the proceeds from the offering, announced days following its IPO filing, will go toward the repayment of its mortgage servicing facility.

But will the company's second attempt to go public come to fruition in a market where two lenders already put their offerings on hold?

Bon Salle joins Home Point as the Ann Arbor, Mich.-based nonbank mortgage lender plans to go public.

The company is following in the footsteps of Michigan-based rivals Rocket Cos. and United Wholesale Mortgage.

Social Finance Inc. is planning for takeovers after agreeing to go public in a merger with a blank-check company that values the upstart at around $8.7 billion.

The company had canceled its planned pricing of the deal at the end of October over stock market volatility.

While the agreement with China Oceanwide still remains in place, there was no formal extension of the Dec. 31 deadline.

From the CARES Act’s effects to the spate of nonbanks going public, these developments stand to shape how the playing field looks in 2021.