William Lyon Homes sets terms for $200 million IPO

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William Lyon Homes, a homebuilder in the southwestern US, announced terms for its IPO on Monday. The Newport Beach, CA-based company plans to raise $200 million by offering 8.7 million shares (25% insider) at a price range of $22 to $24. At the midpoint of the proposed range, William Lyon Homes would command a fully diluted market value of $728 million.

William Lyon Homes, which was founded in 1956 and booked $435 million in sales for the 12 months ended 3/31/2012, plans to list on the NYSE under the symbol WLH. Credit Suisse, Citi and J.P. Morgan 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

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