Silver Bay Realty (SBY) Realty prices its 13.25M share IPO at $18.50/share vs. an expected range...

|About: Silver Bay Realty Trust ... (SBY)|By:, SA News Editor

Silver Bay Realty (SBY) Realty prices its 13.25M share IPO at $18.50/share vs. an expected range of $17-$19. A spinoff of Two Harbors Investment (TWO), Silver Bay looks to be the first publicly-traded pure play on a hot Wall Street investment idea - single family rentals (see Blackstone). James Shell has a wonderful analysis of the IPO. TWO +0.8% premarket.