General World News

Home Point to go public Friday at $13 a share

Home Point Financial, the parent company of Michigan-based wholesale lender Homepoint, intends to raise $94.25 million dollars on its Wall Street debut on Friday.

The lender plans to price 7.25 million shares of common stock at $13.00 per share on Friday, the company said in a statement late Thursday evening.

Home Point Capital itself is not selling any shares in the offering, but funds affiliated with its private equity backer Stone Point Capital are cashing out. Those stockholders have also granted the underwriters – which include Goldman Sachs, Wells Fargo, Morgan Stanley and UBS Investment Bank – the option to purchase details ⇒

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