LGI Homes prices IPO at $11, below the range

By Renaissance Capital,

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LGI Homes, an entry-level homebuilder in the Texas, Arizona, Florida and Georgia markets, raised $99 million by offering 9.0 million shares at $11, below the range of $13 to $15. LGI Homes plans to list on the NASDAQ under the symbol LGIH. LGI Homes initially filed confidentially on 7/10/2013. Deutsche Bank, JMP Securities and J.P. Morgan acted as lead managers on the deal.

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

This article appears in: News Headlines IPOs
Referenced Stocks: LGIH

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