Stonegate Mortgage prices IPO at $16, below the range

By
A A A
Share |

Stonegate Mortgage, a non-bank mortgage company focused on residential mortgage loans, raised $114 million by offering 7.1 million shares at $16.00, below the range of $20.00 to $22.00. Stonegate Mortgage plans to list on the NYSE under the symbol SGM. Stonegate Mortgage initially filed confidentially on 6/28/2013. BofA Merrill Lynch, Credit Suisse, Barclays and FBR 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

Referenced Stocks: SGM

Renaissance Capital

Renaissance Capital

More from Renaissance Capital:

Related Videos

Stocks

Referenced

Most Active by Volume

68,133,105
  • $61.68 ▲ 0.52%
30,236,345
  • $4.25 ▼ 3.85%
26,699,523
  • $87.16 ▲ 0.46%
25,534,845
  • $16.36 ▼ 0.06%
25,061,466
  • $3.155 ▼ 0.47%
16,116,575
  • $46.4965 ▼ 1.97%
14,107,417
  • $34.41 ▲ 0.06%
13,195,954
  • $25.90 ▼ 1.33%
As of 4/24/2014, 10:52 AM