Latham, Sidley Steer Claros Mortgage Plans $ 134 Million IPO

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By Andrew McIntyre (Oct 26, 2021, 3:09 p.m. EDT) – Claros Mortgage Trust on Tuesday presented plans to raise $ 134 million midway through its initial public offering, with Latham & Watkins leading the company and Sidley Austin advising the underwriters of the offer.

The New York-based lender said in a filing with the U.S. Securities and Exchange Commission on Tuesday that it plans to sell 7 million shares at a price between $ 18.65 and $ 19.65. If the stock price were in the middle of that range, $ 19.15, the offer would generate approximately $ 134 million in proceeds.

Morgan Stanley and JP Morgan are co-lead managers of the offering, while Goldman Sachs …

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