Hatteras Financial, a newly created real estate investment trust (REIT) managed by Atlantic Capital Advisors, recently announced the terms for its planned IPO. According to an amended SEC filing, the Winston Salem, NC-based company plans to offer 8 million shares at a range of $24-$26, and it plans to use the proceeds from the offering to invest in adjustable-rate single-family residential mortgage pass-through securities that are backed by US Government agencies or US Government-sponsored entities. Keefe Bruyette Woods and Banc of America are the lead underwriters for the offering, and the IPO is expected to price on or about April 24.
