Goodwin Procter attorneys recently advised the underwriters, led by Citigroup, BofA Merrill Lynch, Credit Suisse and Goldman Sachs, in the PennyMac Financial Services, Inc. (PennyMac) initial public offering of more than 12 million shares of common stock at $18 per share. Shares began trading on the New York Stock Exchange under ticker “PFSI”.
Based in Moorpark, Calif., PennyMac is a specialty financial services firm with a comprehensive mortgage platform and integrated business focus on the production and servicing of U.S. residential mortgage loans and the management of investments related to the U.S. residential mortgage market. PennyMac was founded in 2008.
Pricing information can be found in the PennyMac press release.