American Home Mortgage Investment, Melville, N.Y., has priced a public offering of 12.5 million shares of common stock at $25 per share.The underwriters have been granted an option to buy up to 1.875 million shares to cover any overallotments, the company said. The joint lead managers of the offering were Friedman, Billings, Ramsey & Co. and Lehman Brothers Inc.

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