June 19, 2008 / 10:33 AM / 12 years ago

Galiot Capital sees IPO of 16.7 mln shares at $15 each

June 19 (Reuters) - Galiot Capital Corp, a specialty finance firm that will invest in government agency residential mortgage-backed securities, on Thursday registered its initial public offering of 16.7 million shares at $15 per share.

In an amended filing with the U.S Securities and Exchange Commission, the company said Deutsche Bank Securities, Credit Suisse, Morgan Stanley, Banc of America Securities, BNP Paribas and Keefe, Bruyette & Woods Inc were underwriting the IPO.

The New York-based company said it applied for a New York Stock Exchange listing under the symbol “GTC.”

Galiot will be externally managed and advised by Fischer Francis Trees & Watts Inc, an investment adviser registered with the Securities and Exchange Commission and a wholly-owned unit of Charter Atlantic Corp, an indirect wholly-owned unit of BNP Paribas. (Reporting by Purwa Naveen Raman in Bangalore; Editing by Bernard Orr)

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