AOMR News

The IPO market was in full swing this past week as 16 IPOs and six SPACs went public. The IPO pipeline cooled down with just one IPO and nine SPACs submitting initial filings. The largest deal of the week, Lyell Immunopharma (LYEL) priced at the midpoint to raise $425 million at a $4.7 billion market cap. The company is using proprietary genetic and...read more

Angel Oak Mortgage, a mortgage REIT focused on non-qualified loans, raised $137 million by offering 7.2 million shares at $19, below the range of $20 to $21. The company sold 850,000 fewer shares than expected (11%). New investor CPPIB Credit Investments agreed to purchase $40 million worth of shares in a concurrent private placement. Angel Oak Mortgage invests primarily in...read more

Updated Monday, 6/14. 15 IPOs are currently slated to raise $2.5 billion in the week ahead, led by a preclinical biotech being valued at $4.7 billion. The largest deal of the week, Lyell Immunopharma (LYEL) plans to raise $425 million at a $4.7 billion market cap. The company is using proprietary genetic and epigenetic reprogramming to develop T...read more

Angel Oak Mortgage, a mortgage REIT focused on non-qualified loans, announced terms for its IPO on Tuesday. The Atlanta, GA-based company plans to raise $165 million by offering 8.1 million shares at a price range of $20 to $21. New investor the Canada Pension Plan Investment Board has agreed to purchase $40 million worth of shares in a concurrent private placement. At the...read more