American Home Mortgage Holdings Inc., a small mortgage banker with an Internet slant, plans to raise $22.5 million in an initial public offering soon.

The 11-year-old New York-based company's IPO is scheduled for late September, according to a spokesman for Friedman, Billings, Ramsey & Co., the investment bank that will handle the sale. American Home Mortgage declined to comment, citing Securities and Exchange Commission restrictions.

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