Dream Finders Homes, a Florida-based homebuilder expanding nationally, raised $125 million by offering 9.6 million shares at $13, within the range of $12 to $15. Existing shareholder Boston Omaha Corp. had indicated on $25 million worth of shares in the offering. At pricing, the company commands a market value of $1.2 billion.
The company designs, builds, and sells homes in high growth markets, including Jacksonville, Orlando, Denver, the Washington D.C. metropolitan area and Austin, as well as Charlotte and Raleigh with the acquisition of H&H Homes in October 2020. The company focuses on single-family entry-level, first-time move-up and second-time move-up homes. It also offers title insurance and mortgage banking solutions to fully serve its homebuyer customers and capture ancillary business opportunities.
Dream Finders Homes plans to list on the Nasdaq under the symbol DFH. BofA Securities, RBC Capital Markets and BTIG acted as lead managers on the deal.
