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Upcoming IPO could value loanDepot at $6.5B

LoanDepot, one of America’s largest mortgage lenders, released pricing of its hotly anticipated independent public offering (IPO) on Wednesday. The multichannel lender said it would be selling 9.41 million shares of common stock; funds held by its private equity backer Parthenon Capital Partners would sell 5.59 million shares in the upcoming IPO. The offering price is expected to be between $19.00 and $21.00 per share.

At the midpoint range of $20 per share, loanDepot would raise $300 million. That would give loanDepot a market cap of approximately $6.5 billion, according to details ⇒

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