JACKSONVILLE, Fla., Jan. 20, 2021 (GLOBE NEWSWIRE) Dream Finders Homes, Inc. (NASDAQ:DFH) announced today the pricing of its initial public offering of .
Dream Finders Homes Inc.’s stock begins trading on Jan. 21 and the timing couldn’t be better.
The Jacksonville-based homebuilder’s initial public offering of 9.6 million Class A shares was priced at $13 each late Jan. 20, clearing the way for trading to begin on the Nasdaq Global Select Market.
Not only is Dream Finders selling its stock in a strong market for its industry, but IPOs in general have been surging.
Dream Finders Homes founder and President Patrick Zalupski will retain control of his company after the initial public offering.
Major stock market indexes have reached record highs recently but stocks of homebuilders are doing even better than the overall market.
Southeastern Grocers Inc., the parent company of Winn-Dixie, is selling 8.9 million shares of stock in an initial public offering that will continue to leave a group of investment firms in control.
All of the shares are being sold by the investment firms, with the Jacksonville-based company not receiving any proceeds from the IPO.
An updated registration statement filed with the Securities and Exchange Commission on Jan. 21 shows Fidelity Investments with 21% of Southeastern Grocers’ stock. It will continue to own 20.9% after selling a small number of shares in the IPO.
A company controlled by Lone Star Funds is selling about 4.35 million shares, reducing its stake from 11.6% to 1.5%.
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.
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