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