Angel Oak Mortgage Announces Initial Public Offering – NMP Skip to main content

Angel Oak Mortgage Announces Initial Public Offering

Katie Jensen
Jun 17, 2021

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share. The company’s common stock is expected to be traded on the New York Stock Exchange on June 17, 2021, under the AOMR symbol and will close on June 21, 2021. 

Underwriters have been granted a 30-day option for an additional 1,080,000 shares of its common stock. Additionally, the company will sell 2,105,263 shares of its common stock to CPPIB Credit Investments Inc in a concurrent private placement for $19 per share. 

The net profit from the private offering and private placement to acquire non-QM mortgage loans and other target assets sourced from affiliates of Angel Oak Capital Advisors, LLC. 

The joint booking managers for the offering are Wells Fargo Securities, BofA Securities, Morgan Stanley and UBS Investment Bank. The book-runner for the offering is B. Riley Securities, and Nomura and Oppenheimer & Co acting as co-managers. 

For more information on Angel Oak Mortgages' initial public offering, visit https://angeloakms.com/

Published
Jun 17, 2021
KBRA Assigns Preliminary Ratings To CSMC 2022-NQM1 Trust

Kroll Bond Rating Agency assigned preliminary ratings to CSMC 2022-NQM1, a $553.7 million non-prime RMBS transaction sponsored by DLJ Mortgage Capital, Inc.

Non-QM
Jan 25, 2022
Hunt Mortgage Appoints Chief Operating Officer

Bindiya Jain previously has served as a vice president at South Shore Bank and at UniBank for Saving. 

Industry News
Jan 25, 2022
Guild Mortgage Names VP Of Marketplace Diversity Strategy

Guild Mortgage named Victoria Garcia DeLuca as the company's vice president of marketplace diversity strategy, which is aimed at increasing homeownership among minorities and underserved markets.

Industry News
Jan 25, 2022
Deephaven Introduces Jumbo-Prime Loans

Non-agency/non-QM Deephaven Mortgage announced a new jumbo-prime loan product, as it looks to help mortgage banks and brokers compete for high-net-worth borrowers.

Jumbo
Jan 25, 2022
Rocket Mortgage Brokers Now Backed By A Crew Of Experts

Every broker partner with the company will have direct access to a small, dedicated team of mortgage experts to answer their loan questions.

Industry News
Jan 24, 2022
Atlanta Real Estate Agent Sentenced For Running Multi-Year Mortgage Fraud Scheme

So far, up to 11 people have plead guilty in Federal Court to the multi-year mortgage fraud scheme, which netted more than $21 million in fraudulent mortgage loans.

Industry News
Jan 24, 2022