TRI Pointe Homes sets terms for $176 million IPO

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TRI Pointe Homes, which designs, constructs and sells single-family homes in California, announced terms for its IPO on Wednesday. The Irvine, CA-based company plans to raise $176 million by offering 11.7 million shares (15% insider) at a price range of $14 to $16. At the midpoint of the proposed range, TRI Pointe Homes would command a fully diluted market value of $474 million. 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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