IPO Boutique Research, Color & More Information for Subscribers
This past week one IPO debuted and was a severe disappointment. Tremont Mortgage Trust (Nasdaq: TRMT) marked the first IPO to come to market since August 11. The deal, which downsized its IPO from 4.5 million to 2.5 million shares, was not enough do prevent a disastrous debut. ‘TRMT’ opened at $17.75 — a full $2.25 below the $20.00[…]
Company: Tremont Mortgage Trust Symbol: TRMT Description: They are a real estate finance company that plans to focus primarily on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate, or CRE. Shares: 4.5 million Price Range: $20.00-$20.00 Trade Date: 9/14 Underwriter(s): UBS Investment Bank, Citigroup, RBC Capital Markets[…]
The biggest headline from the IPO market this week came from a company who has not “officially” filed for its initial public offering with the SEC. Roku Inc., the maker of devices and software for streaming services, wants to go public by the end of 2017 according to the Wall Street Journal. The journal states[…]