Mortgage Lender LoanDepot Files to Go Public as Housing Booms

The firm plans to list on the New York Stock Exchange, according to a regulatory filing on Monday that didn’t specify the number of shares it plans to offer or the price range it hopes to set.

In September, Bloomberg News reported the company could be worth $12 to $15 billion in an IPO. The filing by LoanDepot comes as the U.S. housing market has been a bright spot in the pandemic economy, with record-low mortgage rates fueling a housing rally.