The following IPOs are expected to price this week:
AG Mortgage Investment Trust (NYSE:MITT), an Angelo, Gordon-managed REIT planning to invest in residential mortgage assets, plans to raise $250 million by offering 20 million shares at an estimated price of $20 per share. Under these terms, AG Mortgage Investment Trust will command a market value of $268 million. The New York, NY-based company plans to list on the NYSE under the symbol MITT. BofA Merrill Lynch, JP Morgan (NYSE:JPM) and UBS Investment Bank (NYSE:UBS) are the lead underwriters on the deal.
Last week, there were six IPO pricings. Responsys (NASDAQ:MKTG), which provides on-demand software that enables email-based relationship marketing, was the week's winner, ending up 28% from its IPO price.