trending Market Intelligence /marketintelligence/en/news-insights/trending/R2Ao5kmHT22ZVvuamI4U3A2 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

Velocity Financial discloses expected IPO price range

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Velocity Financial discloses expected IPO price range

Real estate finance company Velocity Financial LLC expects to sell 7,250,000 common shares for between $14 and $16 apiece in its IPO.

The company granted underwriters an option to purchase up to an additional 1,087,500 common shares within 30 days after the date of the prospectus to cover overallotments, if any.

Velocity Financial also disclosed in its amended Form S-1 filing that the proposed maximum aggregate offering price of the IPO, inclusive of the overallotment option, is $133.4 million. Estimated net proceeds to Velocity Financial are expected to be $111.2 million, if the overallotment option is exercised in full.

Velocity Financial intends to use about 75% of the gross proceeds from the offering to repay a portion of its outstanding corporate debt, up to a maximum repayment of $75 million in principal amount, plus related prepayment penalties, and the remainder for general corporate purposes.

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