General World News

UWM’s IPO is now scheduled for January

United Wholesale Mortgage’s (UWM) much-anticipated Wall Street debut is expected to take place on Jan. 22, 2021, the company told HousingWire late Thursday.

UWM, the nation’s second-largest mortgage originator by volume, is going public through a merger with a publicly-traded special purpose acquisition company headed by businessman Alec Gores.

The merger, announced in September, could value the lender at $16.1 billion once trading begins on the New York Stock Exchange on Jan. 22 under the ticker symbol “UWMC.” It was originally slated for the fourth quarter, but sources said it was pushed back due to challenges details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com