Orchid Island Capital, Inc., a specialty finance company that invests in residential mortgage-backed securities, filed on Tuesday with the SEC to raise up to $115 million in an initial public offering. The Vero Beach, FL-based company, which was founded in 2010 and is managed by Bimini Advisors Inc., plans to list on the NYSE under the symbol ORC. Barclays Capital and JMP Securities are the lead underwriters on the deal. No pricing terms were disclosed.
