Mortgage REIT Cerberus Mortgage Capital files for a $150 million IPO
Cerberus Mortgage Capital, a mortgage REIT investing in Agency and non-Agency RMBS, filed on Friday with the SEC to raise up to $150 million in an initial public offering. The New York, NY-based company, which was founded in 2013, plans to list on the NYSE. It did not announce a ticker. Citi, Deutsche Bank and Wells Fargo Securities are the joint bookrunners on the deal. No pricing terms were disclosed.