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LGI Homes prices IPO at $11, below the range

November 7, 2013

LGI Homes, an entry-level homebuilder in the Texas, Arizona, Florida and Georgia markets, raised $99 million by offering 9.0 million shares at $11, below the range of $13 to $15. LGI Homes plans to list on the NASDAQ under the symbol LGIH. LGI Homes initially filed confidentially on 7/10/2013. Deutsche Bank, JMP Securities and J.P. Morgan acted as lead managers on the deal.