Caliber Home Loans, a residential mortgage producer and servicer, withdrew its plans for an initial public offering on Monday. It originally filed in October 2020 with a proposed deal size $345 million, but postponed later that month. The company revived its offering with a new blank filing in January 2021, but announced the following April that it would be acquired by New Residential (NYSE: NRZ) for $1.7 billion. The acquisition was completed in August.
The Coppell, TX-based company was founded in 1963 and booked $2.4 billion in revenue for the 12 months ended September 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.
