Homebuilder TRI Pointe Homes increases proposed IPO deal size

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TRI Pointe Homes, a Starwood-backed single-family homebuilder in California, raised the proposed deal size for its upcoming IPO on Tuesday. The Irvine, CA-based company now plans to raise $205 million by offering 13.7 million shares (27% insider) at a price range of $14 to $16. The company had previously filed to offer 11.7 million shares. At the midpoint of the revised range, TRI Pointe Homes will raise 17% greater proceeds than previously anticipated.

TRI Pointe Homes, which was founded in 2009 and booked $27 million in sales for the 12 months ended 9/30/2012, plans to list on the NYSE under the symbol TPH. Citi, Deutsche Bank and FBR Capital Markets 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: TPH

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