Provident Mortgage Capital Associates, a mortgage REIT formed by ninth largest US mortgage originator Provident Funding Associates, postponed its IPO on Wednesday, after cutting its deal size by 40% in the morning. The REIT had expected to offer 5.0 million shares, down from 8.3 million, at a price of $15.00. UBS Investment Bank, Credit Suisse, and Deutsche Bank Securities were set to be the lead underwriters on the deal.
