Smith Douglas Homes, a homebuilder in the southeastern US focused on single-family homes, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.
Smith Douglas Homes is engaged in the design, construction, and sale of single-family homes in the southeastern US, targeting communities with entry-level and empty-nest homebuyers. The company's goal is to become one of the most dominant homebuilders in the south and southeast, and intends to grow operations within its existing footprint as well as expand into new markets.
The Woodstock, GA-based company was founded in 2008 and booked $780 million in revenue for the 12 months ended June 30, 2023. It plans to list on the NYSE under the symbol SDHC. Smith Douglas Homes filed confidentially on July 28, 2023. J.P. Morgan, BofA Securities, RBC Capital Markets, Wells Fargo Securities, Nomura Securities, and WR Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
