Five Point Holdings, which owns and develops master-planned communities in coastal California, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The Aliso Viejo, CA-based company was founded in 2009 and booked $39 million in sales for the 12 months ended December 31, 2016. It plans to list on the NYSE under the symbol FPH. Citi, J.P. Morgan, RBC Capital Markets, Wells Fargo, Deutsche Bank, Evercore ISI, Zelman Partners and JMP Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
