STOCK TITAN

Velocity Financial, Inc. Announces Dual Listing on NYSE Texas

Velocity Financial (NYSE:VEL), a leading provider of investor real estate loans, has announced its dual listing on NYSE Texas, a new fully electronic equities exchange based in Dallas.

(Neutral)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Tags
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in investor real estate loans, announced today the dual listing of its common stock on NYSE Texas, Inc. (“NYSE Texas”), the newly launched fully electronic equities exchange headquartered in Dallas, Texas.

Velocity will maintain its primary listing on the New York Stock Exchange (“NYSE”) and continue to trade under the same ticker symbol, “VEL,” on the NYSE and NYSE Texas.

“We are pleased to join the NYSE Texas as a Founding Member, strengthening our roots in the state and we are excited to further support Texas business development with this dual listing,” said Chris Farrar, Velocity’s Chief Executive Officer.

“As a leader in providing innovative financing solutions for real estate investment, Velocity is a great addition to the NYSE Texas community,” said Chris Taylor, Chief Development Officer, NYSE Group.

About Velocity Financial, Inc.

Based in Westlake Village, California, Velocity is a vertically integrated real estate finance company that primarily originates and manages business purpose loans secured by 1-4 unit residential rental and small commercial properties. Velocity originates loans nationwide across an extensive network of independent mortgage brokers built and refined over 21 years. For additional information, please visit the Company’s investor relations website at www.velfinance.com.

Investors and Media:
Chris Oltmann
(818) 532-3708

Source: Velocity Financial, Inc.

Keep reading