Ellington Residential prices IPO at $20, as expected


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Ellington Residential Mortgage REIT, a mortgage REIT that invests in Agency RMBS and non-Agency RMBS, raised $129 million by offering 6.45 million shares at $20, as expected. Ellington Residential Mortgage REIT plans to list on the NYSE under the symbol EARN. Credit Suisse, Deutsche Bank, Citi and UBS acted as lead managers on the deal.

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This article appears in: News Headlines , IPOs

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