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Cherry Hill Mortgage prices IPO at $20

By: Renaissance Capital
Posted: 10/4/2013 6:53:00 AM
Referenced Stocks: CHMI

Cherry Hill Mortgage Investment, a mortgage REIT investing primarily in Excess MSRs, raised $130 million by offering 6.5 million shares at $20. Cherry Hill Mortgage Investment plans to list on the NYSE under the symbol CHMI. Cherry Hill Mortgage Investment initially filed confidentially on 3/13/2013. Barclays, Morgan Stanley, Citi and UBS acted as lead managers on the deal.