Better.com Working With Morgan Stanley, BofA on 2021 IPO

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Online mortgage lender Better.com has tapped Morgan Stanley and Bank of America Corp. for a planned initial public offering in the U.S., according to people with knowledge of the matter.

Better.com intends to file for an IPO confidentially with the U.S. Securities and Exchange Commission as soon as January, said the people, who asked not to be identified because the information is private. The company will seek to top the $4 billion valuation it was given in its most recent funding round, they said.