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Nationstar Mortgage Holdings Inc., a residential mortgage loan servicer, has announced the pricing of the initial public offering (IPO) of 16,666,667 shares of its common stock at $14 per share. The shares will began trading March 8, 2012 on the New York Stock Exchange (NYSE) under the ticker symbol “NSM.” The underwriters have a 30-day option to purchase up to an additional 2,500,000 shares of common stock, to cover over-allotments, if any. Nationstar stock rose to $14.20 per share at the closing bell its first day on the NYSE, up 1.4% from its initial public offering price of $14, and closed the following day at $14.60 per share.
BofA Merrill Lynch, Citigroup, Credit Suisse and Wells Fargo Securities are acting as joint bookrunners for the offering, and Allen & Company LLC, Barclays Capital, J.P. Morgan, Keefe, Bruyette & Woods and Sterne Agee are acting as co-managers.