FOOTHILL RANCH, Calif.,
Jan. 27, 2021 /PRNewswire/ -- LD
Holdings Group LLC today announced that its newly formed affiliate,
loanDepot, Inc. ("loanDepot"), has launched the roadshow for the
initial public offering of 15 million shares of its Class
A common stock ("Common Stock"). The offering consists of 9.41
million shares of Common Stock being sold by loanDepot and 5.59
million shares of Common Stock being sold by certain funds managed
by Parthenon Capital Partners. The initial public offering price is
expected to be between $19.00 and
$21.00 per share. The shares are
expected to trade on the New York Stock Exchange under the ticker
symbol "LDI."
loanDepot intends to grant the underwriters a 30-day option to
purchase additional shares of Class A common stock from loanDepot.
The offering is subject to market conditions, and there can be no
assurance as to whether, or when, the offering may be completed or
as to the actual size or terms of the offering.
Goldman Sachs & Co. LLC, BofA Securities, Credit Suisse and
Morgan Stanley are acting as lead book-running managers for the
proposed offering. Barclays, Citigroup, Jefferies and UBS
Investment Bank will be book running managers, and JMP Securities,
Nomura, Piper Sandler, Raymond James, William
Blair and AmeriVet Securities will act as co-managers for
the proposed offering.
AmeriVet Securities is owned and operated by disabled U.S.
military veterans, whom loanDepot is committed to supporting
through a variety of initiatives.
The proposed offering will be made only by means of a
prospectus. Copies of the preliminary prospectus, when available,
may be obtained from: Goldman Sachs & Co. LLC, Attention:
Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866)
471-2526 or by email at prospectus-ny@ny.email.gs.com; or BofA
Securities, NC1-004-03-43, 200 North College Street, 3rd floor,
Charlotte, NC 28255-0001,
Attention: Prospectus Department, or by e-mail at
dg.prospectus_requests@bofa.com; or Credit Suisse Securities
(USA) LLC, Attention: Prospectus
Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, telephone:
1-800-221-1037 or by email usa.prospectus@credit-suisse.com; or
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, 2nd Floor, New York,
NY 10014.
A registration statement relating to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About loanDepot:
An innovator since its inception in 2010, LD Holdings Group LLC
and its subsidiaries (collectively, "loanDepot") continues to
disrupt the lending industry with its focus on creating the
technologies needed to deliver seamless borrowing experiences to
its customers. loanDepot debuted the industry's first end-to-end
fully digital loan, the mello smartloan™, in 2019. To date,
loanDepot has funded over $275
billion in mortgage loans and ranks as one of the nation's
largest retail mortgage lenders and the second largest nonbank
retail mortgage lender.
Investor Relations Contact:
Abe Gutierrez
Vice President, Investor Relations
(949) 860-8215
abgutierrez@loandepot.com
or
Nicole Carrillo
Executive Vice President, Chief Accounting Officer
(949) 575-5187
ncarrillo@loandepot.com
Media Contact:
Lori Wildrick
Vice President, Communications
(949) 330-8791
lwildrick@loandepot.com
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SOURCE LD Holdings Group LLC