Apollo Residential Mortgage, an Apollo-managed REIT recently formed to invest in residential mortgage assets, announced terms for its IPO on Wednesday. The New York, NY-based company plans to raise $200 million by offering 10 million shares at a fixed price of $20. At the proposed price, Apollo Residential Mortgage would command a market value of $205 million. Apollo Residential Mortgage plans to list on the NYSE under the symbol AMTG. Morgan Stanley, Credit Suisse, and J.P. Morgan are the lead underwriters on the deal, which is expected to price during the week of July 18.
