Smith Douglas Homes is seeking a $1.08 billion valuation in what will be the first big IPO of the year. Here’s a look at everything you need to know ahead of the listing.
IPO Details: Smith Douglas Homes will offer 7,692,308 shares at an estimated price of between $18 and $21 per share in its initial public offering on Thursday, the company said in a regulatory filing last week.
The Georgia-based home builder is expected to announce pricing details Wednesday night, but based on the estimate in the company’s amended S-1 filing, Smith Douglas could potentially raise up to $161.5 million in the offering.
The prospectus states that Smith Douglas Homes plans to use some of the proceeds from the offering to continue the expansion of communities and overall growth of its platform. The company also plans to repay approximately ...