Caliber Home Loans, a residential mortgage producer and servicer, postponed its IPO on Wednesday. It had filed to raise $345 million by offering 23 million shares (100% insider) at a price range of $14 to $16.
The Coppell, TX-based company was founded in 1963 and booked $1.9 billion in sales for the 12 months ended June 30, 2020. It had planned to list on the NYSE under the symbol HOMS. Credit Suisse, Goldman Sachs, Barclays, BofA Securities, Citi, UBS Investment Bank and Wells Fargo Securities were set to be the joint bookrunners on the deal.
