Velocity Financial, Inc. Announces Pricing of its Initial Public Offering
(WorldNews Business)

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Jan 16, 2020-- Velocity Financial, Inc. (`Velocity`) today announced the pricing of its initial public offering of 7,250,000 shares of its common stock at $13.00 per share. Shares of Velocity´s common stock are expected to begin trading on the New York Stock Exchange on January 17, 2020 under the symbol `VEL,` and the offering is expected to close on January 22, 2020, subject to customary closing conditions. Velocity has granted the underwriters a 30-day option to purchase up to an...