Better’s Debut on Nasdaq Leads to Sharp Drop in Shares

Shares of Better Home & Finance Holding (BHFH), the parent of digital lender Better.com, made their public debut on Nasdaq Thursday, opening at $41 and dropping as much as 23 percent in the beginning of the day. The stock priced at the upper end of its range at $45 Wednesday evening, giving the financial technology company a market capitalization of roughly $14.7 billion. This was the first major fintech listing of 2021.

BHFH provides an online mortgage platform offering customers three-step mortgages, simplified loan calculations, and streamlined document submission process. Despite trading below its IPO price, the company still represents one of the largest public market capitalizations of a fintech company in the US. In 2020, BHFH reported mortgage originations of $17 billion and total revenues of $286 million.

Most Important Elements:
• Digital lender Better Home & Finance Holding (BHFH) made its public debut on Nasdaq Thursday
• Stock priced at $45, giving the financial technology company a market capitalization of $14.7 billion
• BHFH offers customers three-step mortgage process, simplified loan calculations, and streamlined document submission
• In 2020, BHFH reported mortgage originations of $17 billion and total revenues of $286 million

You can read this full article at: https://www.housingwire.com/articles/betters-shares-plummet-93-in-nasdaq-debut/(subscription required)

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