Arlington, Va. -- FBR Capital Markets, an Arlington-based investment bank serving middle market companies, said that it plans to raise nearly $88.4 million through a public offering. The company said that it will sell 21.5 million shares, including 1.5 million from a subsidiary of Arlington Asset Investment, for $4.65 each. FBR Capital Markets, a a unit of Friedman, Billings, Ramsey Group, focuses on seven industry sectors, including technology and media & telecom.

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