Unison Taps Banks for US IPO Seeking Up to $500 Million, Bloomberg Reports

3-line summary

• Unison Co., a San Francisco-based pioneer of residential equity-sharing agreements, is seeking to raise up to $500 million in a US IPO, Bloomberg reported.
• UBS Group AG and Cantor Fitzgerald LP have been selected as lead underwriters. The listing could happen as early as November, though details including the underwriting group and timing could still change, according to the report. Unison provides homeowners lump-sum cash in exchange for a share of future home-value appreciation, settled when the home is sold or refinanced rather than through monthly payments.

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