Invesco Mortgage Capital (IVR) IPO Opens, Breaks Offer Price

June 26, 2009 9:52 AM EDT

The IPO for Invesco Mortgage Capital Inc. (NYSE: IVR) is open for trading. Shares are trading at $19.48 after pricing 8,500,000 shares at at $20.

Credit Suisse and Morgan Stanley are serving as joint book-running managers. Barclays Capital, Keefe, Bruyette & Woods, Stifel Nicolaus, Jackson Securities, Siebert Capital Markets and The Williams Capital Group, L.P. are acting as co-managers.

Invesco Mortgage Capital Inc. is a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans.

Invesco Mortgage Capital Inc. is externally managed and advised by Invesco Institutional (N.A.), Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ).

Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php

Related Categories

Hot List
IPOs
Trader Talk

Stocks Mentioned

Related Entities

• Credit Suisse
• Stifel Nicolaus
• Keefe, Bruyette & Woods
• UBS
• Morgan Stanley
• Barclays
• Life, Style and Real Estate

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?