Another Homebuilder Files IPO

April 12, 2013

Homebuilder William Lyon Homes filed this week to raise $200 million in an initial public offering with the U.S. Securities Exchange Commission. 

William Lyon Homes is based in Newport Beach, Calif. It primarily builds homes in California, Arizona, Nevada, and Colorado.

Homebuilder stocks have proven hot stocks in recent months due to the housing recovery and several builders have looked to jump in recently. William Lyon Homes’ IPO follows builder Taylor Morrison Home Corp., which raised $628.6 million for its IPO this week. That is more than $100 million the company originally had planned to raise. 

In January, TRI Pointe Homes was the first homebuilder to go public since 2004. TRI Pointe Homes had raised $233 million for its IPO.

William Lyon Homes will trade under the ticker “WLH” on the New York Stock Exchange.

Source: “William Lyon Homes seeks IPO success,” HousingWire (April 11, 2013)