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Mortgage producer and servicer PennyMac files for a $288 million IPO

By Renaissance Capital,  February 07, 2013, 08:12:20 AM EDT

PennyMac Financial Services, which is focused on the production and servicing of U.S. residential mortgage loans, filed on Thursday with the SEC to raise up to $288 million in an initial public offering. The Moorpark, CA-based company, which was founded in 2008 and booked $181 million in sales for the 12 months ended 9/30/2012, plans to list on the NYSE and has not yet announced a ticker. Citi, BofA Merrill Lynch, Credit Suisse and Goldman Sachs are the joint bookrunners on the deal. No pricing terms were disclosed.




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

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