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Article: Imperial Credit Commercial Mortgage Investment Corp. Prices Initial Public Offering of 30,000,000 Shares of Common Stock at $15 Per Share
- Article from:
- PR Newswire
- Article date:
- October 17, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LOS ANGELES, Oct. 17 /PRNewswire/ -- Imperial Credit Commercial Mortgage Investment Corp. (Nasdaq: ICMI) today announced that the Securities and Exchange Commission has declared effective the Company's registration statement relating to an initial public offering of 30,000,000 shares of Common Stock at $15 per share. The number of shares offered by the Company was increased from 25,000,000 to 30,000,000 immediately prior to the pricing of the offering. In connection with the offering, which is being co-managed by Friedman, Billings, Ramsey & Co., and Jefferies & Company, Inc., the Company has granted its underwriters an option for a period of up to 30 days to purchase ...