Newly formed REIT Bayview Mortgage withdraws IPO

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Bayview Mortgage Capital, a mortgage REIT that invests in Agency MBS, withdrew its plans for an initial public offering on Wednesday citing poor market conditions. The Coral Gables, FL-based company was founded in 2009 and initially filed for an IPO on July 28, 2009. Deutsche Bank, Morgan Stanley and Credit Suisse were set to be the joint bookrunners on the deal.

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This article appears in: News Headlines , IPOs

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