Orchid Island Capital prices IPO at $15, within the range

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Orchid Island Capital, a Bimini Capital-managed REIT focused on investing in Agency RMBS, raised $35 million by offering 2.4 million shares at $15, within the range of $14 to $16. Orchid Island Capital plans to list on the NYSE MKT under the symbol ORC. Ladenburg Thalmann and Oppenheimer & Co. 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.



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Referenced Stocks: ORC

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