New Century REIT Inc., a corporation created by New Century Financial Corp., Irvine, Calif., to operate its business after it converts to a real estate investment trust, has filed a registration statement with the Securities and Exchange Commission to make a public offering of $750 million worth of common stock.The joint book-running managers will be UBS Securities LLC and Friedman, Billings, Ramsey & Co. New Century Financial is a subprime mortgage wholesaler.
New Century Makes Public Offering
April 23, 2004, 2:00 p.m. EDT 1 Min Read
