Mortgage lender Caliber Home Loans Inc has filed for an initial public offering, its regulatory filing showed on Friday.
Texas-based Caliber is the latest company looking to ride the resurgence in the IPO market after the COVID-19 pandemic forced many companies to postpone their plans earlier this year. Rocket Companies Inc, the parent of mortgage lender Quicken Loans, also went public in August.
Caliber recorded a net profit of $275.3 million in the six months ended June 30, compared with a loss of $59.4 million a year earlier. Revenue in the period more than doubled to $1.13 billion.
The Wall Street Journal reported on Thursday that the IPO could value the company at more than $2 billion.
Credit Suisse, Goldman Sachs & Co and Barclays are the underwriters for the offering.
Source: Reuters.com