Bayview Mortgage Capital (BAY) Files $500M IPO

July 29, 2009 11:55 AM EDT

Bayview Mortgage Capital (NYSE: BAY) filed a registration statement with the SEC for an initial public offering of its common stock. The proposed maximum aggregate offering price is $500 million. The company plans to list on the NYSE under the symbol "BAY".

The offering is being made through Deutsche Bank and Morgan Stanley.

Bayview is a newly-formed mortgage finance and real estate company that intends to acquire and manage, directly or through it's subsidiaries, residential and commercial mortgage loans, residential and commercial mortgage-backed securities, or MBS, real estate-related securities, real estate, and various other asset classes.


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