Caliber Home Loans to offer 23 million shares in IPO, priced at $14 to $16 each

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Caliber Home Loans Inc. set terms for its initial public offering on Wednesday, with plans to offer 23 million shares priced at $14 to $16 each. The company has applied to list on the New York Stock Exchange, under the ticker “HOMS.” There are 13 banks underwriting the deal, led by Credit Suisse, Goldman Sachs and Barclays. Proceeds of the deal will go to the selling shareholders. “We are a proven leader in the U.S. mortgage market with a uniquely diversified, customer-centric, purchase-focused platform,” the company says in its prospectus.
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