American Residential Properties and PennyMac Financial Services, which both focus on residential mortgages, set terms for their initial public offerings.
PennyMac plans to raise $200 million by offering 11.1 million shares at a price range of $17 to $19.
The company plans to list on the New York Stock Exchange under the symbol PFSI.
Additionally, American Residential Properties plans to raise $301 million by offering 13.7 million shares at a price range of $21 to $23.
The company plans to list on the New York Stock Exchange under the symbol ARPI.
The joing bookrunners include Morgan Stanley (MS), BofAML, FBR Capital Markets and Jefferies.