Silver Bay Realty Trust prices IPO at $18.50, within the range

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Silver Bay Realty Trust, a newly organized REIT formed to acquire single-family properties in the US, raised $245 million by offering 13.25 million shares at $18.50, within the range of $18 to $20. Silver Bay Realty Trust plans to list on the NYSE under the symbol SBY. Credit Suisse, BofA Merrill Lynch and J.P. Morgan acted as 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.



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