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In-House Counsel

Jun. 5, 2014

Jeff Grogin

PennyMac Financial Services Inc. Moorpark Chief Administrative and Legal Officer/Secretary


The $230 million IPO of PennyMac Financial Services Inc. last year was unusual starting with the fact that the prior entity was an LLC.


Usually, "you would merge the existing company into a new holding company structure," Grogin explained. "In this case, the public company - PFSI - became the managing member of the LLC."


"Normally, the founders would end up owning shares of the new public company but, in this case, the founders ...

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