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Orchid Island Capital postpones IPO

July 25, 2011
ORC

Orchid Island Capital, Inc., a specialty finance company that invests in residential mortgage-backed securities, postponed its IPO on Monday. The Vero Beach, FL-based company was founded in 2010 and booked $0.4 million in sales for the 12 months ended 3/31/11. Barclays Capital and JMP Securities were set to be the lead underwriters on the deal.