Building Stock
02/27/2013 | | Elliot eisenberg, Graphsandlaughs, Graphsandlaughs.net, Home builder IPO, Home Builders, home building
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.