Homebuilder UCP files for a $125 million IPO

By Renaissance Capital,

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UCP, a homebuilder and land developer in Northern California, filed on Thursday with the SEC to raise up to $125 million in an initial public offering. The San Jose, CA-based company, which was founded in 2004 and booked $24 million in sales for the 12 months ended 12/31/2012, plans to list on the NYSE under the symbol UCP. Citi, Deutsche Bank and Zelman Partners LLC are the joint bookrunners on the deal. No pricing terms were disclosed.

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