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.

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