The hot IPO market continues with four more additions in the shortened four-day trading week ahead.Here's a preview of what's coming.Dream Finders Homes: One of the nation's fastest growing homebuilders is set to go public this week under the Nasdaq ticker symbol DFH with an offer of 9.6 million shares at a price point of $12 to $15.The company designs, builds and sells homes in high-growth areas like Jacksonville and Orlando, Florida; Austin, Texas; Denver and Washington, D.C. The company also offers title and mortgage banking services.Dream Finders acquired H&H Homes in Oct. 2020, which gives it access to fast-growing markets like Raleigh and Charlotte. Dream Finders Homes sold its first home in 2009 and has sold over 9,100 since then. The H&H acquisition made it the 11th largest private homebuilder based on 2019 revenue, according to the prospectus.The company says it has been profitable every year since inception. Revenue was $672.7 million for the first ni
While a couple of large Jacksonville companies entered 2021 with initial public offerings pending, several smaller firms also filed plans for stock sales late last year.
The latest is a company called Van Zant House Inc., owner of a Westside Jacksonville property where brothers Ronnie, Johnny and Donnie Van Zant grew up.
It’s an iconic site for Southern Rock music fans. Ronnie was a founder and lead singer of Lynyrd Skynyrd, who died with five others in 1977 when the band’s plane crashed in Mississippi.
When the band reformed 10 years later, his younger brother Johnny took over as lead singer.
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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