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Western Asset Mortgage prices IPO at $20, as expected

By Renaissance Capital,  May 09, 2012, 07:15:51 PM EDT

Western Asset Mortgage Capital, a Western Asset-managed REIT focused on investing in Agency RMBS, raised $160 million by offering 8 million shares at $20, as expected. Western Asset Mortgage Capital plans to list on the NYSE under the symbol WMC. Deutsche Bank Securities 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: Investing, IPOs

Referenced Stocks: WMC



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