Cypress Sharpridge raises $184.7 million after pricing at $12.95 a share

09/27/2010 | Bloomberg Businessweek

Cypress Sharpridge Investments raised $184.7 million in a stock offering Friday after estimating it would realize $168.4 million. The company, which invests in residential mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae, plans to use the proceeds to buy MBS. The stock traded at $12.95 per share.

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