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LoanDepot to IPO this week at possible $6.2B valuation

Housing Wire

billion valuation later this week. If all goes according to plan, loanDepot would command a valuation of $6.2 At the time, loanDepot was seeking a valuation of between $12 billion and $15 billion, Bloomberg previously reported. At the time, LoanDepot had sought a valuation of $2.4 billion to $2.6

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iBuyer Offerpad goes public at $2.7B valuation

Housing Wire

At an assumed $10 per share, that gets you about a $3 billion valuation.”. Offerpad actually partnered with Zillow when, under Rascoff’s leadership, it piloted its Instant Offers program in Las Vegas and Orlando in 2017. valuation appeared first on HousingWire. Offerpad generated $379 million in second quarter revenue.

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Reverse appraisal company hires former AAG chief appraiser

Housing Wire

Atlas VMS , the appraisal and valuation company led by Erik Morin , announced this week the appointment of Joe Pravettone as chief appraiser. In 2017, he became chief appraiser for longtime reverse mortgage industry leader American Advisors Group (AAG), a position he held until the end of 2022.

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Divvy Homes conducts third round of layoffs 

Housing Wire

Founded in 2017, the proptech purchases a home for a potential buyer and then rents it back to them for up to three years. Divvy’s last known funding occurred in August 2021 – a $200 million Series D funding led by Tiger Global Management and Caffeinated Capital , which nearly quadrupled its valuation to $2 billion valuation at the time.

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IPO no: Why real estate companies stopped going public

Housing Wire

The recent brokerage IPO wave started with Redfin in 2017. The 18-month post-COVID period presented an excellent window for any real estate transaction volume-dependent business to entertain attractive initial valuations,” McJoynt said. But those valuations have fallen. But no one has really managed to make a big dent.”.

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CoreLogic leadership change: CEO Frank Martell resigns

Housing Wire

He took over as CEO in 2017 following the unexpected death of then-CEO Anand Nallathambi from an illness. Some real estate industry observers praise CoreLogic for having one of the more precise automated valuation models. CoStar CEO Andy Florance stated that the timing was poor to move into the residential mortgage market.

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LoanDepot says it’s going public (for real this time)

Housing Wire

In March 2017, the company revived plans for an IPO but didn’t follow through. United Wholesale Mortgage is expected to debut via a special purpose acquisition company this quarter at a valuation north of $16 billion. At the time, loanDepot had sought a market value of $2.4 billion to $2.6

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