From Dow Jones & Company:

Smith Douglas Homes Corp. has priced its initial public offering at $21 a share, raising about $161.5 million with plans to offer 7.69 million shares. The company is one of the fastest-growing private homebuilders in the US, with a focus on entry-level and empty-nest homes in Southern metro areas. JPMorgan, BofA Securities, RBC Capital Markets, and Wells Fargo Securities are the IPO’s joint book-running managers. In the nine months ending Sept. 30, the company reported $93.5 million in net income and $547.3 million in revenue. Shares are expected to start trading Thursday on the NYSE under the ticker symbol “SDHC.” (Source: MarketWatch)



Read more: Homebuilder Smith Douglas prices IPO at $21 a share, at top of range