Ellington Residential prices IPO at $20, as expected


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.

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: EARN

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