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Mortgage lender Caliber Home Loans postpones IPO

Published 10/28/2020, 08:34 PM
Updated 10/28/2020, 08:35 PM
© Reuters.

(Reuters) - Mortgage lender Caliber Home Loans Inc said on Wednesday it had postponed its initial public offering (IPO).

Caliber had filed for the IPO earlier in October and estimated the pricing between $14.00 and $16.00 per share.

"We will continue to evaluate the timing for the proposed offering as market conditions develop," the company said in its statement.

Texas-based Caliber is the latest company looking to ride a resurgence in the IPO market as the pandemic forced firms to postpone their plans. Rocket Companies Inc (N:RKT), the parent of mortgage lender Quicken Loans, also went public in August.

 

Latest comments

they dont want to ipo during a market correction. pretty lame imo. Doesn't show any kind of confidence in the company, just says " we want to ipo during a rally so we can make quick money"
I agree
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