Ladder Capital Sets IPO Terms

Ladder Capital Finance, a New York-based specialty finance company focused on the commercial real estate industry, has set its proposed IPO terms to 20 million shares being offered at $20 per share. The company 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, Wells Fargo and Citi serving as co-lead underwriters.