Chimera shares priced at $15 for IPO

11/16/2007 | Wall Street Journal, The

Chimera Investment Corp. has followed through with its IPO, listing 33.33 million shares at $15 each yesterday. Underwriters Merrill Lynch & Co., Credit Suisse, Deutsche Bank Securities, JPMorgan, Keefe Bruyette & Woods and Bear Stearns & Co. Inc. may purchase as much as 5 million shares per their agreement with Chimera, which plans to qualify for REIT tax status.

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