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Ellington Financial Closes Common Stock Offering

Vinson & Elkins advised Ellington Financial Inc. (the Company) in an underwritten public offering of 3,500,000 shares of common stock at a price to the public of $17.66 per share, raising gross proceeds of approximately $61.8 million. The Company has granted the underwriters an option for 30 days to purchase up to an additional 525,000 shares of common stock. The offering closed on July 22, 2019. 

The V&E corporate team was led by partner Daniel LeBey with assistance from associates Caroline Bailey and Erin Walsh.

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