Reuters - Taylor Morrison Home Prices IPO
Homebuilder Taylor Morrison Home Corp. priced its initial public offering of 23.8 million Class A shares between $20-$22 per share as it looks to cash in on investor interest in the recovering U.S. housing market. At the mid-point of the expected range, the company is looking to raise about $500 million. Scottsdale, Arizona-based Taylor Morrison is backed by Oaktree Capital Management, TPG Global and JH Investments Inc. Credit Suisse and Citigroup are lead underwriters to the offering.
1 April 2013•1 min read
