FBR Capital Markets, a holding company for Friedman, Billings, Ramsey Group's capital markets business, filed for IPO Tuesday. Friedman Billings is the sole underwriter on the deal. Terms have not yet been announced.

FBR Capital Markets, a holding company for Friedman, Billings, Ramsey Group's capital markets business, filed for IPO Tuesday. Friedman Billings is the sole underwriter on the deal. Terms have not yet been announced.