PIMCO Mortgage Income Trust, a newly formed residential mortgage REIT managed by PIMCO, postponed its IPO on Tuesday. It had filed to raise $1.0 billion by offering 50 million shares at a price of $20.
The Newport Beach, CA-based company had planned to list on the NYSE under the symbol PMTG. Credit Suisse, BofA Merrill Lynch, Goldman Sachs, Morgan Stanley, J.P. Morgan, UBS Investment Bank, Citi, Wells Fargo Securities and RBC Capital Markets were set to be the joint bookrunners on the deal.
