Imperial Credit Mortgage Holdings Inc.: The Newport...

Imperial Credit Mortgage Holdings Inc.: The Newport Beach company’s initial public stock offering will be priced at $13 per share through underwriters led by PaineWebber Inc. The size of the offering was reduced to 3.75 million common shares from 4.6 million shares initially planned when the offering first was announced in September. Imperial Credit Holdings, which provides short-term lending to mortgage banks, is affiliated with Imperial Bank.