PennyMac prices IPO at $18 midpoint

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PennyMac Financial Services, which originates, acquires and services residential mortgage loans, raised $200 million by offering 11.1 million shares at $18, at the midpoint of the range of $17 to $19. PennyMac Financial Services plans to list on the NYSE under the symbol PFSI. Citi, BofA Merrill Lynch, Credit Suisse and Goldman Sachs 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

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