Ladder Capital Files for $400 Million IPO

Ladder Capital Finance, a New York-based specialty finance company focused on the commercial real estate industry, has filed for a $400 million IPO. Ladder Capital was formed last last year with approximately $1 billion in equity and debt capital, co-led by GI Partners and Towerbrook Capital Partners. It plans to trade on the NYSE under ticker symbol LCG, with JPMorgan and Wells Fargo serving as co-lead underwriters.