The following IPOs are expected to price this week:
AG Mortgage Investment Trust (MITT), an Angelo, Gordon-managed REIT planning to invest in residential mortgage assets, plans to raise $250 million by offering 20 million shares at an estimated price of $20 per share. Under these terms, AG Mortgage Investment Trust will command a market value of $268 million. The New York, NY-based company plans to list on the NYSE under the symbol MITT. BofA Merrill Lynch, J.P. Morgan and UBS Investment Bank are the lead underwriters on the deal.
Last week, there were 6 IPO pricings. Responsys (MKTG), which provides on-demand software that enables email-based relationship marketing, was the week's winner, ending up 28% from its IPO price.
