Federal Home Loan Mortgage’s (FRA:FHL) quiet period is set to end on Wednesday, April 17th. Federal Home Loan Mortgage had issued 7,500,000 shares in its initial public offering on March 8th. The total size of the offering was $90,000,000 based on an initial share price of $12.00. During Federal Home Loan Mortgage’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Federal Home Loan Mortgage Company Profile
Freddie Mac operates in the secondary mortgage market in the United States. The company purchases residential mortgage loans originated by lenders, as well as invests in mortgage loans and mortgage-related securities. It operates in three segments: Single-family Guarantee, Multifamily, and Capital Markets.
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