Company news roundup: More sports sponsorship for Guaranteed Rate, UWM celebrates public trading and more

The Professional Bowlers Association announced on Jan. 21 that Guaranteed Rate has signed on as title sponsor of its 2021 PBA Tour season. Guaranteed Rate is no stranger to sports sponsorship, with the PBA deal the fourth sponsorship agreement the company has made in the last two months. The company also extended its partnership with U.S. Figure Skating, announced a partnership with the National Hockey League, and renewed its primary sponsorship of Roush Fenway NASCAR driver Ryan Newman, all in December.

United Wholesale Mortgage announced that its previously announced business combination with special purpose acquisition company (SPAC) Gores Holdings IV, Inc., closed on Jan. 21. The acquisition, according to UWM, is the largest SPAC transaction to date, with a valuation of approximately $16 billion. Gores Holdings IV changed its name to UWM Holdings Corporation in connection with the closing. The transaction was approved by Gores Holdings stockholders on Jan. 20.

It was a busy week for United Wholesale Mortgage, which also commemorated its first day of public trading on the New York Stock Exchange (NYSE) on Jan. 22. The company celebrated with President and CEO Mat Ishbia ringing the bell at the NYSE alongside other UWM executive officers.

Home Point Capital officially announced on Jan. 22 the commencement of its initial public offering with 12.5 million shares of common stock to be sold at an anticipated price between $19 and $21 per share. Home Point Capital has applied to list its common stock on the NASDAQ Global Select Market under the ticker symbol “HMPT.”


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