Mortgage lender loanDepot launches IPO

LD Holdings Group LLC's newly formed affiliate, loanDepot Inc., has launched an IPO roadshow for 15 million class A common shares.

The offering consists of 9.41 million common shares being sold by loanDepot and 5.59 million common shares being sold by certain funds managed by Parthenon Capital Partners.

The IPO price is expected to be between $19.00 and $21.00 per share. The shares are expected to trade on the NYSE under the ticker symbol LDI.

LoanDepot intends to grant the underwriters a 30-day option to purchase additional shares.

Goldman Sachs & Co. LLC, BofA Securities, Credit Suisse and Morgan Stanley are acting as lead bookrunning managers for the proposed offering. Barclays, Citigroup, Jefferies and UBS Investment Bank will be bookrunning managers, while JMP Securities, Nomura, Piper Sandler, Raymond James, William Blair and AmeriVet Securities will act as co-managers for the proposed offering.