Renaissance Capital logo

loanDepot Priced, NYSE: LDI

Nonbank retail mortgage originator.

Industry: Financials

Latest Trade: $1.58 +0.07 (+4.3%)

First Day Return: +57.1%

Return from IPO: -89.2%

Industry: Financials

loanDepot is a customer-centric, technology-empowered residential mortgage platform with a widely recognized consumer brand. We launched our business in 2010 to disrupt the legacy mortgage industry and make obtaining a mortgage a positive experience for consumers. We have built a leading technology platform designed around the consumer that has redefined the mortgage process. Our digital-first approach has allowed us to become one of the fastest-growing, at-scale mortgage originators in the U.S. We are the second largest retail-focused non-bank mortgage originator and the fifth largest overall retail originator, according to Inside Mortgage Finance. We originated $79.4 billion of loans for the twelve months ended September 30, 2020 and experienced 116% year-over-year origination volume growth for the nine months ended September 30, 2020. We have significantly increased our originations market share from 1.1% in 2014 to 2.6% for the first nine months of 2020, and our strong consumer brand and proprietary technology platform have positioned us to continue gaining additional share. Our Retail and Partner strategies have led to a balanced mix of purchase and refinance mortgages, with purchase originations representing 41% of total originations in 2019.
more less
IPO News for loanDepot
more
IPO Data
IPO File Date 01/11/2021
Offer Price $14.00
Price Range $19.00 - $21.00
Offer Shares (mm) 3.9
Deal Size ($mm) $54
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/11/2021
Offer Price $14.00
Price Range $19.00 - $21.00
Offer Shares (mm) 3.9
Deal Size ($mm) $54
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
more
Company Data
Headquarters Foothill Ranch, CA
Founded 2010
Employees 8,614
Website www.loandepot.com