Entry-level homebuilder LGI Homes sets terms for $126 million IPO

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LGI Homes, an entry-level homebuilder in the Texas, Arizona, Florida and Georgia markets, announced terms for its IPO on Monday. The Woodlands, TX-based company plans to raise $126 million by offering 9.0 million shares at a price range of $13 to $15. At the midpoint of the proposed range, LGI Homes would command a fully diluted market value of $274 million.

LGI Homes, which was founded in 2002 and booked $107 million in sales for the 12 months ended June 30, 2013, plans to list on the NASDAQ under the symbol LGIH. LGI Homes initially filed confidentially on July 10, 2013. Deutsche Bank, JMP Securities and J.P. Morgan are the joint bookrunners on the deal.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: LGIH

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