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Ellington Financial prices IPO at $22.50, within the range

October 7, 2010
EFC

Ellington Financial LLC, a specialty finance company that invests in RMBS and derivatives, raised $101 million on Thursday by offering 4.5 million shares at $22.50, within its $22 to $24 proposed range. Ellington Financial LLC plans to list on the NYSE under the symbol EFC. Deutsche Bank Securities acted as lead manager on the deal.