DFH - Dream Finders Homes prices 9.6M-share IPO at $13

Dream Finders Homes (DFH) has priced its IPO of 9.6M shares of Class A common stock at $13.00/share, for expected gross proceeds of ~$124.8M.Trading kicks today.Underwriters' over-allotment is an additional 1.44M shares. Net proceeds will be used to repay all borrowings under its existing secured vertical construction lines of credit facilities and, upon such repayment, terminate such facilities. Closing date is January 25.DFH is based in Jacksonville, FL, and is one of the nation’s fastest growing homebuilding companies. The company closed over 3,150 homes in 2020, an increase of 54% over the homes closed in 2019 and increased new home sales over 95% in 2020 when compared to 2019.The company builds homes in Florida, Texas, North Carolina, South Carolina, Georgia, Colorado, Virginia and Maryland.

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Dream Finders Homes prices 9.6M-share IPO at $13