Cherry Hill Mortgage prices IPO at $20

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Cherry Hill Mortgage Investment, a mortgage REIT investing primarily in Excess MSRs, raised $130 million by offering 6.5 million shares at $20. Cherry Hill Mortgage Investment plans to list on the NYSE under the symbol CHMI. Cherry Hill Mortgage Investment initially filed confidentially on 3/13/2013. Barclays, Morgan Stanley, Citi and UBS acted as lead managers on the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: CHMI

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