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Another REIT Sets IPO Terms

Another REIT Sets IPO Terms

Connor Brooke

Tech Expert

Connor is a Scottish financial expert, specialising in wealth management and equity investing. Based in…

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Last updated: June 27, 2023

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Western Asset Mortgage Capital Corporation, a REIT owned by Legg Mason, has announced its IPO terms. The company wants to raise $160 mn through an offer of 8 mn shares priced at $20 each. At these terms, Western Asset Mortgage Capital Corporation would be worth $207 mn. The lead underwriters are JP Morgan, Deutsche Bank, Citigroup and Jefferies. It plans to list on NYSE and trade under the symbol WMC.

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Source: Renaissance Capital

Connor Brooke

Tech Expert

Connor is a Scottish financial expert, specialising in wealth management and equity investing. Based in Glasgow, Connor writes full-time for a wide selection of financial websites, whilst also providing startup consulting to small businesses. Holding a Bachelor’s degree in Finance, and a Master’s degree in Investment Fund Management, Connor has extensive knowledge in the investing space, and has also written two theses on mutual funds and the UK market.

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