Federal Home Loan Mortgage’s (FRA:FHL) quiet period is set to expire 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 the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
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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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