Velocity Financial, Inc. Announces Dual Listing on NYSE Texas
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WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--
Velocity Financial, Inc. (NYSE:VEL) (鈥淰elocity鈥� or 鈥淐ompany鈥�), a leader in investor real estate loans, announced today the dual listing of its common stock on NYSE Texas, Inc. (鈥淣YSE Texas鈥�), the newly launched fully electronic equities exchange headquartered in Dallas, Texas.
Velocity will maintain its primary listing on the New York Stock Exchange (鈥淣YSE鈥�) and continue to trade under the same ticker symbol, 鈥淰EL,鈥� on the NYSE and NYSE Texas.
鈥淲e 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,鈥� said Chris Farrar, Velocity鈥檚 Chief Executive Officer.
鈥淎s a leader in providing innovative financing solutions for real estate investment, Velocity is a great addition to the NYSE Texas community,鈥� 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鈥檚 investor relations website at .
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