real-time news and commentary for investors
Wednesday, Aug 28
LGI Homes files for $125M Nasdaq IPO
- LGI Homes has filed to raise up to $125M in an IPO on Nasdaq as it looks to exploit the recovery in the housing sector.
- LGI builds entry level houses priced at $115,000-260,000 in Texas, Arizona, Florida and Georgia.
- The company's revenue almost tripled to $143.4M in 2010-2012 and the number of homes it built rose 2.5-fold to 1,062.
- LGI intends to trade under the ticker symbol "LGIH." (S-1)