Home Loan Servicing Solutions, Ltd. (HLSS) IPO Trades Lower

The IPO for Home Loan Servicing Solutions, Ltd. (Nasdaq: HLSS) is open for trading. Shares are trading at $13.56 after pricing 13,333,333 shares at $14.

Wells Fargo Securities, LLC, Barclays Capital Inc., Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. acted as the joint book-running managers for the offering.

Home Loan Servicing Solutions, Ltd is a Cayman Islands company formed to acquire mortgage servicing assets consisting of mortgage servicing rights, rights to mortgage servicing rights, associated servicing advances and other related assets.

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