Underwriters of Redwood Trust Inc.'s common stock offering fully exercised their option to purchase an additional 1,875,000 common shares on Sept. 5.
The real estate investment trust offered 12.5 million common shares priced at $16.08 apiece.
J.P. Morgan, Wells Fargo Securities LLC, Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC were the joint book-running managers, while JMP Securities LLC and Keefe Bruyette & Woods Inc. were the co-managers.
