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Legacy Housing prices upsized IPO at $12, within the range

December 14, 2018
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Legacy Housing, which builds, sells, and finances manufactured homes, raised $48 million by offering an upsized 4 million shares at $12, within the $10.75 to $12.75 range. The company initially filed to raise $41 million by offering 3.5 million shares at the same range. At pricing, the company will command a market cap of $288 million. Legacy Housing plans to list on the Nasdaq under the symbol LEGH. B. Riley FBR, Oak Ridge Financial and National Securities acted as lead managers on the deal.