WCI Communities prices IPO at $15, the low end of the downwardly revised range

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WCI Communities, which develops luxury residential communities and homes in coastal Florida, raised $102 million by offering 6.8 million shares (all primary) at $15, the low end of the downwardly revised range of $15 to $17. The company had originally planned to offer 8.4 million shares (19% insider) at $21 to $23. WCI Communities plans to list on the NYSE under the symbol WCIC. WCI Communities initially filed confidentially on 4/19/2013. Citi, Credit Suisse 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 The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

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