Dream Finders Homes Inc. plans to sell 9.6 million shares of Class A common stock at $12 to $15 each in its initial public offering, according to an updated registration statement filed Jan. 11.
The Jacksonville-based homebuilding company filed a confidential registration statement for the IPO with the Securities and Exchange Commission in October. It filed a public registration statement on Dec. 22 but that filing did not say how many shares would be sold.
If it sells all 9.6 million shares for $15, the company would raise $144 million.
Dream Finders founder and President Patrick Zalupski will retain control of the company by owning all of the company’s Class B stock, which will give him 85.4% of the votes on company matters, the latest filing shows.