United Wholesale Mortgage is merging with Gores Holdings IV, a special-purpose acquisition company, and preparing to go public in the biggest SPAC deal ever recorded. The deal will allow the lender to public at a valuation of more than $16 billion, setting a record for this type of blank-check deal, the Wall Street Journal reported. United Wholesale Mortgage will take a 94 percent stake in the new company. The deal will infuse the lender with
source https://therealdeal.com/2020/09/23/united-wholesale-mortgage-goes-public-with-16b-valuation/
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