Home Point Capital files for IPO

Home Point Capital Inc., the parent company of Home Point Financial Corp., publicly filed a registration statement on Form S-1 for a proposed IPO of its common stock.

The proposed maximum aggregate offering price is $100 million, estimated solely for the purpose of calculating the registration fee. The number of common shares to be offered and the price range for the proposed offering have not yet been determined.

Home Point Capital has applied to list its common stock on the Nasdaq Global Select Market under the ticker symbol HMPT.

Net proceeds from the offering are expected to be used for general corporate purposes. The company will not receive any proceeds from the sale of common shares by selling stockholders in the offering.

Goldman Sachs & Co. LLC, Wells Fargo Securities, Morgan Stanley and UBS Investment Bank are lead bookrunning managers for the proposed offering. Credit Suisse, J.P. Morgan and BofA Securities are also bookrunning managers. JMP Securities, Piper Sandler & Co., R. Seelaus & Co. LLC, SPC Capital Markets LLC, Wedbush Securities and Zelman Partners LLC are co-managers.

Home Point Capital is 100% owned by Home Point Capital LP.