There were no initial public offerings in the past week, but recent IPO performance continues to trend up. The 24 IPOs in 2015 now average +18%, including +5% after the first day, its highest point this year. A few highlights from February 2015: ...read more
Cerberus Mortgage Capital, a mortgage REIT investing in Agency and non-Agency RMBS, withdrew its plans for an initial public offering on Friday. Mortgage REITs have faced some resistance this year. Sutherland Asset Management (SLD) postponed its IPO in...read more
Five companies had below-average returns and brought the number 2015 IPOs up to 22, a 39% decline from this time last year...IPO highlights during the week of February 9, 2015
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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...read more
US IPO Weekly Recap: No IPOs in final week of a challenging February
There were no initial public offerings in the past week, but recent IPO performance continues to trend up. The 24 IPOs in 2015 now average +18%, including +5% after the first day, its highest point this year. A few highlights from February 2015: ...read more
A dog of a mortgage REIT: Cerberus Mortgage Capital withdraws $150 million IPO
Cerberus Mortgage Capital, a mortgage REIT investing in Agency and non-Agency RMBS, withdrew its plans for an initial public offering on Friday. Mortgage REITs have faced some resistance this year. Sutherland Asset Management (SLD) postponed its IPO in...read more
US IPO Weekly Recap: Big data produces small returns in a selective IPO market
Five companies had below-average returns and brought the number 2015 IPOs up to 22, a 39% decline from this time last year... IPO highlights during the week of February 9, 2015 ...read more
Great Ajax prices downsized IPO below the range at $14.25
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...read more