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Javelin Mortgage sets terms for $125 million US IPO

By Renaissance Capital,  September 24, 2012, 09:09:37 AM EDT

Javelin Mortgage Investment Corp., an ARMOUR-managed REIT newly formed to acquire mortgage-related assets, announced terms for its IPO on Monday. The Vero Beach , FL-based company plans to raise $125 million by offering 6.3 million shares at a price of $20. At the proposed offer price, Javelin Mortgage Investment Corp. would command a fully diluted market value of $130 million. Javelin Mortgage Investment, which was founded in 2012, plans to list on the NYSE under the symbol JMI. Deutsche Bank, Citi, Barclays and Credit Suisse are the joint bookrunners 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: JMI



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