Thursday, November 19, 2015

loanDepot CEO explains IPO cancelation

loanDepot Chairman and CEO Anthony Hsieh published a company blog to explain his thoughts on pulling its IPO, saying, “Unlike other IPO candidates, we’re already moving forward with our plans because of our capital reserves and the investor confidence we’ve earned beyond the IPO market. And while an IPO continues to be an option, perhaps one day in the future, it’s not a necessity.”

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