Home Point Capital: Slumps in Nasdaq debut

Home Point Capital

29/01/2021 17:31

** Shares of Home Point Capital Inc  HMPT.O  fall more than
26% in Nasdaq debut
    ** HMPT shares opened at $9.6, giving co a market
capitalization of $1.33 bln 
    ** Co offered 7.25 mln shares in IPO, raising about $94.25
mln  urn:newsml:reuters.com:*:nGNX70FwWh
    ** Ann Arbor-based Home Point is a mortgage originating and
servicing company 
    ** Goldman Sachs, Wells Fargo Securities, Morgan Stanley and
UBS Investment Bank were the lead book-running managers for the
offering 

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))