PE-Linked Bayview REIT Junks $500M IPO Plans

Law360, New York (September 11, 2013, 11:12 AM EDT) -- Bayview Mortgage Capital Inc. will scrap plans for a $500 million initial public offering, it said Wednesday, more than four years after the private equity-affiliated real estate investment trust first announced it would list itself in New York.

The Florida-based REIT, a unit of Blackstone Group LP-backed Bayview Asset Management LLC, did not explain why it backed off its long-held plans. In a brief filing with the U.S. Securities and Exchange Commission, the firm only said that it had “determined not to pursue” the offering....
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