Cypress Sharpridge (CYS) IPO Trades Higher
More News related to CYS
- Cypress Sharpridge Investments, Inc. Announces Third Quarter 2009 Financial Results
- Cypress Sharpridge Investments, Inc. Announces Conference Call to Discuss Third Quarter 2009 Results
- Cypress Sharpridge Investments, Inc. Board Declares Third Quarter 2009 Dividend of $0.35 Per Share
- Stephen P. Jonas Joins the Board of Directors of Cypress Sharpridge Investments, Inc.
- BGB Securities Initiates Coverage on Cypress Sharpridge (CYS) with a Buy
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The IPO for Cypress Sharpridge (NYSE: CYS) is open for trading. Shares are trading at $11.74 after pricing 9,100,000 shares at $11.00 per share.
Barclays Capital Inc. is the sole book runner for the offering. JMP Securities LLC and Stifel, Nicolaus & Company, Incorporated are co-lead managers and Oppenheimer & Co. Inc. is a co-manager for the offering.
Cypress Sharpridge Investments, Inc. is a specialty finance company that invests on a leveraged basis exclusively in whole-pool residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. Cypress Sharpridge Investments has elected to be taxed as a real estate investment trust for federal income tax purposes.
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another REIT has upcoming IPO
MLM on Jun 12, 2009 11:51 AMInvesco scheduled for wk 6/22 http://www.renaissancecapital.com/IPOHome/IPOProfile.aspx?ticker=IVR