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BUZZ-Mortgage lender loanDepot leaps after huge IPO size slash

Fri 12th February, 2021 5:17pm
** loanDepot Inc's  LDI.N  stock up 61.4% at $35.51 in its
second day of trading, and has now more than doubled from $14
IPO price
    ** Mortgage lender's stock opened flat on Thurs, but notched
first-day gain of 57% even after IPO size was slashed by >80%
and deal was delayed by a week  urn:newsml:reuters.com:*:nL4N2KH1ST
    ** Investors have pushed back on mortgage firm IPOs on
skepticism that the home refinancing boom last year will last
    ** AmeriHome and Caliber Home Loans tried but failed to
price their IPOs in Oct  urn:newsml:reuters.com:*:nL4N2HJ5UK
    ** And Rocket Companies Inc  RKT.N , parent of mortgage
lender Quicken Loans, IPOd in Aug, though only after its deal
size was chopped by ~40%  urn:newsml:reuters.com:*:nL1N2F81K3
    ** The IPO market remains hot as Blackstone  BX.N -backed
online dating app operator Bumble Inc  BMBL.O  rises Fri,
extending searing debut-day gain on Thurs  urn:newsml:reuters.com:*:nL4N2KI20B
 urn:newsml:reuters.com:*:nL1N2KH2GO

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))
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