guild Holdings, which provides personalized mortgage services and loan arrangements, filed a $ 100 million initial public offering with the SEC on Thursday. All of the shares in the offering will be sold by the existing shareholders.
With its 60-year history, the company is one of the oldest operating seller-repairers in the United States, expanding its retail origination footprint to 31 states. Guild has developed end-to-end technology systems that allow it to deliver a personalized approach to mortgage services and create a scalable platform for business growth.
The San Diego, California-based company was founded in 1960 and reported sales of $ 1.1 billion for the 12 months ended June 30, 2020. It expects to be listed on the NYSE under the GHLD symbol. Wells Fargo Securities, BofA Securities, JP Morgan, JMP Securities, CL King & Associates and Compass Point are the associated bookkeepers in the transaction. No pricing conditions were disclosed.
The article Guild Holdings, Mortgage Manager and Lender, Files $ 100 Million IPO Application originally appeared on the renaissancecapital.com website of IPO investment manager Renaissance Capital.
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