AmeriHome set to revive $250 million IPO in 2021

by Candyd Mendoza05 Jan 2021

Residential mortgage lender AmeriHome on Monday revived its initial public offering plans after postponing the $250 million IPO in October.

The Apollo Global-owned company has filed its updated financials for the nine months ended September 30 with the US Securities and Exchange Commission (SEC), according to the Renaissance Capital IPO Center. Apollo Global Management and AmeriHome CEO James Furash will remain as the primary shareholders.

The filing comes two months after AmeriHome announced that it is pushing back the public offering. The lender planned to raise approximately $250 million by offering 14.1 million Class A shares at a price range of $16 and $18 – valuing AmeriHome at $1.3 billion.

AmeriHome joins a growing list of companies looking to capitalize on the US public capital markets. Caliber Home Loans, Finance of America, Quicken Loans, Guild Mortgage, and United Wholesale Mortgage also announced plans to go public during the boom in the mortgage industry in 2020.

The Thousand Oaks, Calif.-based firm is expected to make its debut on the New York Stock Exchange under the symbol AHM. The joint book-runners for the IPO are Credit Suisse, Goldman Sachs, J.P. Morgan, Wells Fargo Securities, Barclays, BofA Securities, Citi, RBC Capital Markets and UBS Investment Bank