Replies to post #435606 on Mr Cooper Group Inc (COOP)

[cura asada]

Thank you Az for the explanation, thank God I can understand a little Chinese.

[Royal Dude]

Maybe very soon IMO
WSJ: First Data looking to raise $3B in IPO
Sep 21 2015, 15:38 ET | About: First Data Corp. (FDATA) | By: Stephen Alpher, SA News Editor Contact this editor with comments or a news tip
Earlier in September, Bloomberg reported payment procession gorilla First Data (Pending:FDATA) would aim to raise at least $2.5B in an IPO coming as soon as this month. The WSJ today says the number is $3B and a filing with details could come today, with trading maybe starting by mid-October.The IPO is expected to value the company at between $20B and $25B, says the Journal, maybe beginning to offer a positive ROI for KKR which bought the company at the peak of buyout boom for nearly $30B. KKR at one point marked down the value of its investment to as low as $0.60 on the dollar.Previously: Bloomberg: First Data
http://seekingalpha.com/news/2790126-wsj-first-data-looking-to-raise-3b-in-ipo

[Desperado90]

That's a great summary of the workings during the early days of these BK.

My thinking is the assets are were hidden and undervalued in WMIIC. If they only claimed that they a Billion in assets and no single debt then my sense is we almost got swindled by the hedge funds trying to get the new company instead of taking their principal plus interest.

Isn't that interesting.

GLTY. Your posts actually get me thinking back to the early days.