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Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012. Matt specializes in writing about bank stocks, REITs, and personal finance, but he loves any investment at the right price. Follow him on Twitter to keep up with his latest work!
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In this week s episode of
Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP, are doing an IPO roundup. First, they dive into two companies that have recently gone public homebuilder
Dream Finders Homes (NASDAQ:DFH) and fintech company
Affirm (NASDAQ:AFRM). Then they ll take a closer look at what we know about upcoming IPOs for cryptocurrency exchange Coinbase and mortgage lender HomePoint Capital. Finally, Matt and Jason share why they re watching
Investors Respond to Dream Finders Homes Initial Public Offering builderonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from builderonline.com Daily Mail and Mail on Sunday newspapers.
Small wonders: Construction underway for 1st HabiJax tiny homes project
Builders aim to have first-of-its-kind community in Jacksonville finished in 90 days
Lena Pringle, Anchor/traffic and general assignment reporter
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Habitat for Humanity of Jacksonville, also known as HabiJax, and the Northeast Florida Builders Association are heading this project.
Other builders participating in this project include Dream Finders Homes, Dostie Homes, Encore Homes of North Florida, New Atlantic Builders, Providence Homes by Bill Cellar, Pulte Group, and TerraWise Homes.
“Well, it’s the first of its kind in Duval County. The homes are roughly 600 square feet. They will come furnished with appliances and internet access as well. So, it’s just a different way for us to serve the community in a different kind of structure,” said Monte Walker, CEO of HabiJax.
Two companies raised a total of $532 million as they began trading Thursday, with the backer of online luxury fashion retailer Mytheresa leading the way with an upsized $407 million capital raise in a pair of initial public offerings.
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.