Homebuilder UCP files for a $125 million IPO

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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.



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

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