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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.
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The Rise of AI in Lending: Revolutionizing Mortgage Processes Explore how AI is transforming the lending sector, streamlining processes, enhancing fraud detection, and improving customer experiences in mortgage operations.
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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.
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