Great Ajax, a recently-formed REIT focusing on re-performing and non-performing mortgages, raised $71 million by offering 5 million shares (25% insider) at $14.25, below the range of $15 to $17. Great Ajax plans to list on the NYSE under the symbol AJX. Great Ajax initially filed confidentially on 9/23/2014. FBR Capital Markets, Sterne Agee and Nomura Securities acted as lead managers on the deal.
