Ellington Residential Mortgage REIT plans to raise $129 million in its initial public offering. It will offer 6.5 million shares priced at $20 per share.
Mortgage REIT Cherry Hill Mortgage Investment has set the pricing for its initial public offering at $20 per share. The REIT would raise $150 million at that pricing.
American Residential Properties took in $287.7 million from its initial public offering. Its shares priced at $21 each, which was at the bottom of the proposed range.
Ellington Residential Mortgage REIT has filed with the Securities and Exchange Commission for an initial public offering. It is hoping to reap up to $100 million from the offering.
Orchid Island Capital, a REIT focused on investing in agency residential mortgage-backed securities, plans to raise $35 million via its initial public offering. It will offer 2.4 million shares at $14 to $16 per share.
Mortgage REIT ZAIS Financial is planning to raise $120 million in an initial public offering. It will offer 5.7 million shares at $21.25. Proceeds should be $189 million.