FBR Capital Markets (FBCM) IPO Trades Slightly Higher
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The IPO for FBR Capital Markets Corporation (Nasdaq: FBCM) is trading at $17.50 after pricing 12,035,000 shares at $17.00 per share.
Friedman, Billings, Ramsey & Co., Inc. and Lehman Brothers acted as joint book-running managers and as representatives for the underwriters of this offering.
FBR Capital Markets Corporation (FBR Capital Markets), a majority-owned subsidiary of Friedman, Billings, Ramsey Group, Inc. (NYSE: FBR), provides investment banking, merger and acquisition advisory services, institutional brokerage, asset management and private wealth services.
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