TRI Pointe Homes prices upsized IPO at $17, above the range
TRI Pointe Homes, a Starwood-backed single-family homebuilder in California, raised $233 million by offering 13.7 million shares (27% insider) at $17, above the range of $14 to $16. The company had originally planned to offer 11.7 million shares (15% insider). TRI Pointe Homes will list on the NYSE under the symbol TPH. Citi, Deutsche Bank and FBR Capital Markets acted as lead managers on the deal.