Bulletin
Investor Alert

New York Markets Open in:

Market Pulse Archives

Jan. 11, 2021, 10:33 a.m. EST

Dream Finders Homes sets IPO terms, which could value the company at more than $1.3 billion

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Dream Finders Homes Inc. Cl A (DFH)
  • X
    Renaissance IPO ETF (IPO)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Dream Finders Homes Inc. /zigman2/quotes/223883452/composite DFH +2.28% has set terms of its initial public offering, in which the Florida-based home builder looks to raise up to $144 million and to be valued at over $1 billion. The company expects to offering 9.6 million Class A shares in the IPO, which is expected to price between $12 and $15 a share. The stock is expected to list on the Nasdaq exchange under the ticker symbol "DFH." With 30.86 million Class A shares and 60.23 million Class B shares expected to be outstanding after the the IPO, the expected pricing could value the company at up to $1.37 billion. BofA Securities, RBC Capital Markets and BTIG are the lead underwriters. For the nine months ended Sept. 30, the company recorded net income of $40.9 million on revenue of $672.7 million, after net income of $22.8 million on revenue of $490.9 million in the same period a year ago. The company is looking to go public at a time that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO -0.46% has surged 20.5% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.14% has gained 9.6%.

/zigman2/quotes/223883452/composite
US : U.S.: Nasdaq
$ 25.17
+0.56 +2.28%
Volume: 125,866
Feb. 24, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.28 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 69.06
-0.32 -0.46%
Volume: 363,171
Feb. 24, 2021 8:00p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,925.43
+44.06 +1.14%
Volume: 2.78B
Feb. 24, 2021 5:20p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.