Briefly
From Times Staff and Reuters
Irvine-based ECC Capital Corp. priced its initial public stock offering at $6.75 a share Monday. The sub-prime mortgage loan investment company sold 57.2 million shares, raising $386 million. The stock will begin trading today on the NYSE under the symbol ECR.
*
Los Angeles-based Preferred Bank will begin trading on the Nasdaq market today under the symbol PFBC. The company sold 2.12 million new shares at $38 each in a public offering Monday, raising $80.6 million. The stock had traded sporadically on the Bulletin Board market.
