Orchid Island Capital, a Bimini Capital-managed REIT focused on investing in Agency RMBS, raised $35 million by offering 2.4 million shares at $15, within the range of $14 to $16. Orchid Island Capital plans to list on the NYSE MKT under the symbol ORC. Ladenburg Thalmann and Oppenheimer & Co. acted as lead managers on the deal.
