Gramercy Capital Corp., a newly formed specialty finance company, plans to use securitization as a source of funding, according to an S-11 filing with the Securities and Exchange Commission for the sale of $200 million in common stock. Gramercy specifically names collateralized debt obligations as a possibility.

Wachovia Securities is acting as sole lead on the IPO. The number of shares and the asking price have yet to be determined.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.