Nationstar Mortgage Files for NYSE IPO

Mortgage loan servicing company Nationstar Mortgage Holdings has revealed its IPO terms. The company is looking to raise $300 mn by offering 16.7 mn shares for $17 to $19 each. This translates to a $1.6 bn valuation at the midpoint. Nationstar plans to trade on NYSE under the symbol NSM. The lead underwriters are Bank of America Merrill Lynch, Citigroup, Credit Suisse and Wells Fargo.

Click here for FREE email alerts from Inside IPO >>

Source: Renaissance Capital