Will investors really bite on Pineapple's IPO?
With home values getting slammed and mortgage volumes falling off a cliff, there's probably a better time to raise money as a mortgage company.
That hasn't stopped Canadian mortgage broker and technology provider, Pineapple. The company has filed to raise over $17 million in a U.S. initial public offering (IPO).
It caps a year in which a herd of online mortgage companies roped in investor dollars. To the best of our knowledge, almost none of them (Ratehub being one possible exception) are profitable.
This post is for MLN Pro subscribers only
You've successfully subscribed to MortgageLogic.news
Great! Next, complete checkout for full access to MortgageLogic.news
Welcome back! You've successfully signed in.
Unable to sign you in. Please try again.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.