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LoanDepot, in Slimmed-Down IPO, Raises Only $54M

Online mortgage lender LoanDepot has raised $54 million in a downsized initial public offering. So reports Renaissance Capital’s IPO Center.

!--more-->The offering included 11.2 million fewer shares than expected and raised 82% less than anticipated in proceeds. LoanDepot offered 3.9 million shares at $14.

Read the full post from Renaissance Capital’s IPO Center.

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