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Angel Oak Mortgage Plans IPO

According to an S-1 statement filed with the Securities and Exchange Commission, Atlanta-based Angel Oak Mortgage is looking to go public. So reports HousingWire.

dollar 3706548 640 smallThe company plans to sell 8.1 million shares at between $20 and $21 per share in its initial public offering (IPO). That equates to a value of approximately $537 million if the stock trades at $20.50. In the filing, Angel Oak said it has about $535 million in assets.

Once public, the company will trade under the symbol “AOMR.” Once on the New York Stock Exchange, Angel Oak would be considered a real estate investment trust (REIT).

Read the full article from HousingWire.

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