Who is The New Home Company, Inc.?
The New Home Company, Inc., a homebuilder, focuses on the design, construction, and sale of homes in planned communities in metropolitan areas. The company primarily operates in coastal Southern California, the San Francisco Bay area, and the metro Sacramento area. It also offers construction services to build homes for independent third-party property owners. (Source: Yahoo Finance)
The New Home Company, Inc. (NYSE:NWHM) held an IPO on January 31 and sold 7,812,500 shares at $11.00/share, which was considerably lower than the expected range of $15-$17 per share. The net proceeds to the company from the offering, after deducting the underwriting discount and estimated offering expenses, were ~$76.7 million. NWHM used the...
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