Why United Wholesale Mortgage CEO Matt Ishbia Is Betting His Company's Worth More

·5-min read
Why United Wholesale Mortgage CEO Matt Ishbia Is Betting His Company's Worth More

Recently, Matt Ishbia, CEO of UWM Holdings (NYSE: UWMC), the parent of mortgage giant United Wholesale Mortgage, canceled a previously announced stock offering. The story offers some interesting insight into how companies view their stock prices, and it also speaks to the effects of stock indexing. On Nov. 18, UWM announced that it was canceling a previously announced secondary stock offering.

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