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California-based mortgage lender loanDepot Inc. completed a downsized IPO, raising $53.9 million after selling 3.85 million shares at $14 each, well below the $19 to $21 range expected.
Shares of LDI opened Thursday at $14.01 and rapidly jumped 20%.
Goldman Sachs Group, BofA Securities, Credit Suisse and Morgan Stanley were the lead bookrunners for the deal.
Before you can invest in LoanDepot, you'll need to open a brokerage account.
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It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like LoanDepot can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.
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