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Mortgage REIT Five Oaks sets terms for $86 million IPO

Five Oaks Investment, a REIT focused on investing in, financing and managing agency and non-agency RMBS, announced terms for its IPO on Wednesday. The New York, NY-based company plans to raise $86 million by offering 5.7 million shares at a price of $15. At the proposed price, Five Oaks Investment would command a market value of $111 million.

Five Oaks Investment, which was founded in 2012 and booked $6 million in sales for the 12 months ended 12/31/2012, plans to list on the NYSE. It changed its symbol from FOIC to OAKS in the most recent filing Barclays, Credit Suisse, UBS Investment Bank and Keefe, Bruyette & Woods are the joint bookrunners 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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