American Capital Mortgage

American Capital Mortgage (MTGE), a newly formed REIT that will invest in RMBS and whole mortgages, plans to raise $350 million by offering 17,500,000 shares at a price of $20. 

At the proposed price, American Capital Mortgage will command a market value of $375 million.

The Bethesda, MD-based company plans to list on the NASDAQ under the symbol MTGE. Citi, Deutsche Bank Securities, and UBS Investment Bank are the lead underwriters on the deal.