GHLD - Mortgage lender Home Point Capital launches 12.5M IPO at $19-$21 per share

Home Point Capital (HMPT) commences an initial public offering of 12.5M common shares at an anticipated initial price between $19-$21 per share.Home Point Capital is not selling any shares in the offering and the selling stockholders expect to grant the underwriters an option to purchase 1.875M shares. The company will not receive any net proceeds from the sale of its common stock by the selling stockholder.Ann Arbor, Michigan-based Home Point was founded in 2015 as a non-bank originator of residential mortgages. The company is the nation's third-largest wholesale mortgage lender and the 10th-largest non-bank mortgage lender.Major competitors include: AmeriHome (AHM), Rocket Companies (RKT), Guild Holdings (GHLD), Caliber Home Loans (HOMS), loanDepot, Fairway Independent Mortgage Corp., Guaranteed Rate, Movement Mortgage, CrossCountry Mortgage.The mortgage market is one of the largest and consistently growing financial markets in the world. According to Fannie Mae’s Housing Forecast, total purchase and refinance originations are expected to reach $3.5T in 2021:

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Mortgage lender Home Point Capital launches 12.5M IPO at $19-$21 per share