The New Home Company, a homebuilder focused on major metropolitan areas in CA, announced terms for its IPO on Tuesday. The Aliso Viejo, CA-based company plans to raise $125 million by offering 7.8 million shares at a price range of $15 to $17. At the midpoint of the proposed range, The New Home Company would command a fully diluted market value of $265 million.
The New Home Company, which was founded in 2009 and booked $85 million in sales for the 12 months ended September 30, 2013, plans to list on the NYSE under the symbol NWHM. The New Home Company initially filed confidentially on April 19, 2013. Citi, J.P. Morgan and Credit Suisse are the joint bookrunners on the deal.
