Reuters - Taylor Morrison Home Doubles IPO Size
Taylor Morrison Home Corp. doubled the amount it is seeking to raise in its initial public offering to $500 million as the U.S. homebuilder looks to cash in on investor interest in the recovering U.S. housing market, Reuters reported. Record-low mortgage rates and rising selling prices have driven up demand to levels that the large U.S. builders are struggling to meet, creating room for smaller companies.The homebuilder is backed by Oaktree Capital Management, TPG Global and JH Investments Inc.
13 February 2013•2 mins read
