Taylor Morrison Home Corporation, one of America's top ten homebuilders, announced terms for its IPO on Monday. The Scottsdale, AZ-based company plans to raise $500 million by offering 23.8 million shares at a price range of $20 to $22. At the midpoint of the proposed range, Taylor Morrison would command a market value of $2.6 billion. Taylor Morrison Home Corporation, which was founded in 1936 and booked $1.4 billion in sales for the 12 months ended 12/31/2012, plans to list on the NYSE under the symbol TMHC. Credit Suisse and Citi are the joint bookrunners on the deal.
