trending Market Intelligence /marketintelligence/en/news-insights/trending/KBTp_QwQXXCfPbrSc-DM-w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Real estate finance company Velocity Financial files for IPO

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Real estate finance company Velocity Financial files for IPO

Real estate finance company Velocity Financial Inc. filed for an IPO of its common shares.

The proposed maximum aggregate offering price is $100 million, estimated solely for calculating the registration fee.

Velocity originates and manages investor loans that are secured by one- to four-unit residential rental and small commercial properties, according to its Form S-1. The company's loan portfolio stood at $1.7 billion as of June 30.

The company has applied to list its common shares on the New York Stock Exchange under the ticker VEL.

Velocity intends to use a portion of net proceeds to repay a portion of its outstanding debt. The remainder will be used for general corporate purposes, which include originating or acquiring investor real estate loans.

Wells Fargo Securities LLC, Citigroup Global Markets Inc., JMP Securities LLC and Raymond James & Associates Inc. are underwriters for the IPO.