Apollo Residential Mortgage filed an S-11 yesterday with the Securities and Exchange Commission (SEC) to offer 10 million shares in its IPO.

The firm, according to the filing, is a newly organized residential real estate finance company that intends to buy U.S. residential mortgage assets. Apollo plans to selectively construct a portfolio of assets that will initially comprise of agency MBS, but over time will be diversified to cover a broader range of other residential mortgage assets such as non-agency MBS, residential mortgage loans and other residential mortgage assets.

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