Guild Holdings Company Announces Pricing of Initial Public Offering
San Diego, CA – October 22, 2020 – Guild Holdings Company (“Guild” or the “Company”) announced today that its initial public offering of 6,500,000 shares of its Class A common stock had been priced at $15.00 per share (the “Offering”). All of the shares are being sold by certain of its stockholders. In connection with the Offering, the selling stockholders have also granted the underwriters a 30-day option to purchase an aggregate of 975,000 shares of the Company’s Class A common stock.
The shares are expected to begin trading on the New York Stock Exchange on October 22, 2020, under the symbol “GHLD” and the Offering is expected to close on October 26, 2020, subject to customary closing conditions.
The Company will not receive any net proceeds from the sale of its Class A common stock by the selling stockholders, including from any exercise by the underwriters of their option to purchase additional shares of the Company’s Class A common stock from the selling stockholders.
Wells Fargo Securities, BofA Securities and J.P. Morgan are acting as lead joint book-running managers for the Offering. JMP Securities is acting as a joint book-running manager and Compass Point and C.L. King & Associates are acting as co-managers for the Offering.
The Offering will be made only by means of a prospectus. When available, copies of the prospectus for the Offering may be obtained from: Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 500 West 33rd Street, New York, New York 10001, by telephone at (800) 326-5897 or by email at firstname.lastname@example.org; BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department or by email at email@example.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone at (866) 803-9204 or by email at firstname.lastname@example.org.
A registration statement relating to the shares was filed with the Securities and Exchange Commission and became effective on October 21, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Guild Holdings Company
Guild is a growth-oriented mortgage company that employs a relationship-based loan sourcing strategy to execute on its mission of delivering the promise of home ownership in neighborhoods and communities across the United States. Guild was established in 1960 and has expanded its retail origination footprint to 31 states within the United States.