Pursuits
LoanDepot Weighs Reviving IPO After Pulled 2015 Sale
- Plans to revisit a public stock offering are in early stages
- Company targeted valuation of as much as $2.6 billion in 2015
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LoanDepot Inc., the fast-growing mortgage lender that aborted plans for an initial public offering in 2015 just hours before pricing, is exploring the possibility of reviving a stock offering, according to a person with knowledge of the matter.
The planning is in the early stages and the company isn’t ready to lay out a time frame for any IPO filing, said the person, who asked not to be identified because the talks are private.