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PennyMac Financial Services Inc Announces Pricing Of Initial Public Offering

Wednesday, 8 May 2013 08:50pm EDT 

PennyMac Financial Services Inc announced the pricing of initial public offering of 11,111,111 shares of Class A common stock at a price to the public of $18.00 per share. All of the shares of Class A common stock are being offered by the Company. The shares will be listed on the New York Stock Exchange and are expected to begin trading under the ticker symbol PFSI beginning on May 9, 2013. The underwriters also have a 30-day option to purchase up to an additional 1,666,666 shares of Class A common stock from the Company at the initial public offering price less the underwriting discount. The offering is expected to close on May 14, 2013. Citigroup Global Markets, Inc., BofA Merrill Lynch, Credit Suisse Securities (USA) LLC and Goldman, Sachs & Co. are acting as joint book-running managers for the offering. Barclays Capital Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC are acting as co-managers for the offering. 

Company Quote

0.03 +0.19%
4:02pm EDT