Provident Mortgage Capital Associates (PMCA)

Provident Mortgage Capital Associates files for $300 million IPO

Provident Mortgage Capital Associates, Inc., a Provident-managed REIT newly formed to acquire mortgage-related assets, filed on Tuesday with the SEC to raise up to $300 million in an initial public offering. The Burlingame, CA-based company plans to list on the NYSE under the symbol PMCA. UBS Investment Bank, Credit Suisse and Deutsche Bank Securities are the lead underwriters on the deal. No pricing terms were disclosed.