IPO News Archive

Mortgage-related asset manager Ellington Financial files new amendment for IPO

3/17/10


Ellington Financial, a specialty finance company that invests in RMBS and derivatives, submitted an amendment to its original IPO filing today. The Old Greenwich, CT-based company had originally planned to offer 7.7 million shares, with 1.1 million coming from insiders, on the NYSE on December 10th, 2009. Ellington Financial indefinitely postponed the deal, citing poor market conditions. The new amendment removed the previous terms and did not specify a proposed deal size. Updated financial information indicates the company generated $51.7 million in interest income last year, up 73% from 2008. Deutsche Bank is now set as the sole underwriter on the deal.

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