PIMCO Mortgage Trust postpones $1.0 billion IPO

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PIMCO Mortgage Income Trust, a newly formed residential mortgage REIT managed by PIMCO, postponed its IPO on Tuesday. It had filed to raise $1.0 billion by offering 50 million shares at a price of $20.

The Newport Beach, CA-based company had planned to list on the NYSE under the symbol PMTG. Credit Suisse, BofA Merrill Lynch, Goldman Sachs, Morgan Stanley, J.P. Morgan, UBS Investment Bank, Citi, Wells Fargo Securities and RBC Capital Markets were set to be the joint bookrunners on the deal.

The article PIMCO Mortgage Trust postpones $1.0 billion IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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