HFF Inc., a Pittsburgh-based provider of commercial real estate and capital market services, has announced the pricing of its initial public offering of 14.3 million shares of class A common stock at $18 per share.The underwriters have been granted an option to buy up to 2.145 million additional shares to cover any overallotments. The joint book-running managers of the IPO are Goldman, Sachs & Co. and Morgan Stanley & Co. HFF, the parent company of Holliday Fenoglio Fowler LP and HFF Securities LP, said the shares are slated to trade on the New York Stock Exchange under the symbol HF.
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JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
June 26 -
House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
June 26 -
The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
June 26 -
ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
June 26 -
Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
June 26 -
KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
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