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Stonegate Mortgage raises more than $100M in initial stock offering

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Fast-growing home loan lender Stonegate Mortgage Corp. went public today with an initial stock offering on the New York Stock Exchange that raised more than $100 million. “It performed very well out of the gate. We’re very pleased with the results,” Chief Executive Officer Jim Cutillo said. Stonegate’s shares, carrying the ticker symbol SGM, came out at $16 a share and rose to $18 by 11 a.m. That was lower than the...

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