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.
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Source: Renaissance Capital
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