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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.