GREENWOOD VILLAGE, CO—Colorado-based home builder Century Communities Inc. has launch its initial public offering.
The offering is comprised of 4,480,000 shares of common stock, consisting of 4,000,000 shares being offered by the Century and 480,000 shares being offered by certain stockholders.. The initial public offering price is expected to be between $23.00 and $26.00 per share. The company expects to grant the underwriters an option to purchase up to an additional 672,000 shares of common stock. Century has applied to list its common stock on the New York Stock Exchange under the symbol "CCS."
Net proceeds from this offering for the acquisition and development of land, home construction and other related purposes. The company will not receive any proceeds from the sale of shares by the selling stockholders.
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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.
