Chimera Investment IPO raises $499.5 million
NEW YORK |
NEW YORK Nov 15 (Reuters) - Chimera Investment Corporation on Thursday raised $499.5 million with an initial public offering that was priced as forecast.
The 33.3 million share offering sold for $15 per share, matching a forecast.
Underwriters, led by Merrill Lynch, Credit Suisse and Deutsche Bank, have the option to purchase an additional 5 million shares to cover overallotments.
The company, a real estate investment trust, expects to invest in residential mortgage loans, residential mortgage-backed securities, real estate-related securities and other asset classes. It has been approved to list its shares on the New York Stock Exchange under the symbol "CIM." (CIM.N) (Reporting by Ritsuko Ando and Lilla Zuill, editing by Leslie Gevirtz)
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