REIT Five Oaks Investment files for a $115 million IPO
Five Oaks Investment, a REIT focused on investing in, financing and managing agency and non-agency RMBS, filed on Thursday with the SEC to raise up to $115 million in an initial public offering. The New York, NY-based company, which was founded in 2012 and booked $4 million in sales for the 12 months ended 9/30/2012, plans to list on the NYSE under the symbol FOIC. Barclays and Credit Suisse are the joint bookrunners on the deal. No pricing terms were disclosed.
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