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Homebuilder TRI Pointe files for a $173 million IPO
By: Renaissance Capital
TRI Pointe Homes, a designs, constructs and sells single-family homes in California, filed on Friday with the SEC to raise up to $173 million in an initial public offering. The Irvine, CA-based company, 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. No pricing terms were disclosed.