Mortgage lender Caliber Home Loans withdraws U.S. IPO plans
15/11/2021 19:53
Nov 15 (Reuters) - Mortgage lender Caliber Home Loans Inc on
Monday filed to withdraw an application to go public in the
United States, nearly a year after postponing its plans.
Caliber originally filed with the U.S. Securities and
Exchange Commission for an initial public offering in October
last year, but postponed plans https://www.reuters.com/article/us-caliber-home-loans-ipo-idUSKBN27E01Y
less than a month later.
"The company has determined not to pursue the contemplated
public offering at this time," Caliber said in the filing on
Monday.
When it had filed last year, the Texas-based company was
looking to take advantage of a resurgence in the IPO market
after uncertainties tied to the health crisis had forced a
clutch of companies to postpone their stock market entry plans.
(Reporting by Manya Saini and Sohini Podder in Bengaluru;
Editing by Sriraj Kalluvila)
((Manya.Saini@thomsonreuters.com;))