ALISON VIEJO, CA-The New Home Company LLC which builds and sells homes in metropolitan California, plans to raise $125 million in its IPO, which is scheduled to for today.
The firm will offer 7.8 million shares at an expected price range of $15-$17 per share, in hopes of hitting a market value of $265 million, according to investment website Seeking Alpha.
NWHM is focused particularly on coastal Southern California, the San Francisco Bay Area, and metro Sacramento. The firm creates both stand-alone and master-planned communities, developed by third parties, and builds homes designed for a wide variety of customers; prices range from approximately $300,000 to $3.2 million.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
