Woodstock, Georgia - January 20, 2023
Smith Douglas Homes Corp., a prominent home builder based in Woodstock, Georgia, has recently revealed its plans to launch an initial public offering (IPO). The company aims to offer 7.69 million shares at a projected price range of $18 to $21 per share. With the midpoint of the price range, the IPO is expected to raise approximately $150 million.
Leading Book-Running Managers
JPMorgan, BofA Securities, RBC Capital Markets, and Wells Fargo Securities have been appointed as the book-running managers for this highly anticipated IPO.
Steadfast Financial Performance
In the nine months ending September 30, Smith Douglas Homes reported a net income of $93.5 million and generated $547.3 million in revenue. Comparatively, during the same period of the previous year, the company achieved a net income of $99.14 million and garnered $531.9 million in revenue.
A Legacy of Excellence
Founded in 2008 by Thomas L. Bradbury, who currently serves as the executive chairman, Smith Douglas Homes Corp. continues a rich tradition of home building in the Atlanta area. Bradbury was also involved in founding Colony Homes of Atlanta in 1975 and served as its chief executive until the company's acquisition by KB Home (KBH) in 2003.
Smith Douglas Homes Corp. prominently stands as a trusted name in the competitive home building industry, thanks to its unwavering commitment to quality craftsmanship and customer satisfaction.
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