DoubleLine Income Solutions Fund (DSL) completed an initial public offering of shares, raising $2.3 billion in proceeds.

The company offered 92 million shares at $25 per share. The fund has granted underwriters the option to purchase additional common shares at the public offering price less the sale load within 45 days of the date of the offering.

UBS Investment Bank (UBS), Bank of America Merrill Lynch (BAC), Citigroup (C), Morgan Stanley (MS) and Wells Fargo Securities (WFC) served as lead underwriters in the deal.