HMPT News

The first month of 2021 closed out with eight IPOs, 24 SPACs, and one postponement. Three issuers raised more than $1 billion, bringing the count of billion-dollar US IPOs in January to six, the most in a single month ever. Just one IPO submitted an initial filing ahead of the February lull, but SPACs kept the pipeline active with 27 new filings. Oaktree-backed ...read more

Home Point Capital, a wholesale residential mortgage producer and servicer, raised $94 million by offering 7.3 million shares (100% secondary) at $13, well below the range of $19 to $21. The company offered 5.3 million fewer shares than anticipated. At pricing, the company raised 62% less in proceeds than expected. Home Point Capital plans to list on the Nasdaq under the symbol...read more

The US IPO market is expected to remain active in the week ahead with eight IPOs slated to raise $4.6 billion. The diverse group features three billion-dollar deals, with issuers from diagnostics, software, solar equipment, and more. Carlyle-backed Ortho Clinical Diagnostics (OCDX) plans to raise $1.5 billion at a $4.9 billion market cap. The company is a...read more

Home Point Capital, a wholesale residential mortgage producer and servicer, announced terms for its IPO on Friday. The Ann Arbor, MI-based company plans to raise $250 million by offering 12.5 million shares (100% secondary) at a price range of $19 to $21. At the midpoint of the proposed range, Home Point Capital would command a fully diluted market value of $3.0 billion. ...read more