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Five Oaks prices IPO at $15, as expected

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Five Oaks Investment, an XL-backed mortgage REIT focused on Agency and non-Agency RMBS, raised $60 million by offering 4.0 million shares at $15, as expected. The company concurrently sold 1.7 million shares in a private placement to XL. Five Oaks Investment plans to list on the NYSE under the symbol OAKS. Barclays, Credit Suisse, UBS Investment Bank 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 Nasdaq, Inc.


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

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