Two distressed-mortgage investors are slashing the size of their upcoming IPOs: Colony Financial...

|By:, SA News Editor

Two distressed-mortgage investors are slashing the size of their upcoming IPOs: Colony Financial cuts its plan from 25M shares to 12.5M shares at $20 each; Apollo Commercial Real Estate Finance cuts to 10M shares at $20 each, from 20M shares. Meanwhile, Mark Hulbert says the heat coming from the IPO market is a flashing early-warning signal for contrarians.