Building Stock

In another sign of good news for home building, TRI Pointe Homes’ IPO was the sector’s first since 2004. The firm raised $233 million selling 13.7 shares at $17 on 1/31/13. Today’s close, $18.45. And, it looks like Taylor Morrison will soon follow as it’s currently filing papers with the SEC in a deal worth about $250 million. Also, let’s not forget Boise Cascade’s IPO of earlier this month.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.