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Invesco Mortgage debuts on the NYSE

Posted on June 26, 2009 12:12 PM
Invesco Mortgage Capital Inc. made its first appearance on the New York Stock Exchange on Friday, the fourth initial public offering this week. It's been more than a year since four companies went public in the same week.

Invesco Institutional Inc., a unit of Invesco Ltd., will manage Invesco Mortgage, which will operate as a real estate investment trust, focused on residential and commercial mortgage-backed securities and loans. These investments were hit hard by the collapse of the housing market, but may be stabilizing in tandem with home prices.

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