Smith Douglas Homes Corp. priced its preliminary public providing at $21 a share late Wednesday, on the excessive level of its estimated vary.
The homebuilder plans to supply 7.69 million shares, elevating about $161.5 million. Shares are anticipated to start out buying and selling Thursday on the New York Stock Exchange underneath the ticker image “SDHC.”
JPMorgan, BofA Securities, RBC Capital Markets and Wells Fargo Securities are the IPO’s joint book-running managers.
Atlanta-based Smith Douglas is among the nation’s fastest-growing personal homebuilders, focusing totally on entry-level and empty-nest houses in Southern metro areas.
Smith Douglas Homes reported $93.5 million in web revenue and $547.3 million in income within the 9 months ending Sept. 30, in comparison with web revenue of $99.14 million and income of $531.9 million within the year-ago interval.
MarketWatch’s Steve Gelsi contributed to this report.
Source web site: www.marketwatch.com
