loanDepot CEO explains IPO cancellation

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loanDepot officially withdraws 0 million IPO. It had set terms in November 2015 to raise $510 million by offering 30 million shares (12% insider) at a price range of $16 to $18, but postponed the offering.

Key investors in the company, which is gearing up for an IPO, include former Cisco Systems CEO John Chambers. Bahr gives Rubrik instant global credibility in the IT channel. She previously led Cisco’s.

The company’s business and Hollywood celebrity backers, including Microsoft Corp. co-founder bill gates and actor Leonardo DiCaprio, helped explain the. possible WeWork CEO stepping aside amid.

Chicago-area home values are growing at the slowest rate in three years, and attitudes about home buying are shifting. Plus: A WeWork IPO, a new CEO for one of the city’s biggest VC-backed firms, deli.

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Uber eventually hired dara Khosrowshahi, who had led online travel business Expedia Inc., as CEO and he has set about cleaning up the company to get it in shape for an IPO.

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When loanDepot announced that it canceled its IPO, loanDepot CEO Anthony Hsieh said, "While an IPO continues to be an option, perhaps one day in the future, it’s not a necessity."

Today, loanDepot acquires over 500,000 potential borrowers every month, up 25% from a just over a year ago. The company maintains a total borrower database of more than 15 million consumers across the.