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Ladder Capital prices IPO at $17 midpoint

February 6, 2014

Ladder Capital, a commercial real estate mortgage origination and finance company, raised $225 million by offering 13.3 million shares at $17, the midpoint of the $16-$18 range. Ladder Capital plans to list on the NYSE under the symbol LADR. Deutsche Bank, Citi, Wells Fargo Securities, BofA Merrill Lynch and JPMorgan acted as bookrunners on the deal.