Smith Douglas Homes Prices Its Initial Public Offering Of 7,692,308 Class A Common Shares At $21/Share
Portfolio Pulse from Benzinga Newsdesk
Smith Douglas Homes has priced its IPO at $21 per share, offering 7,692,308 Class A common shares. The shares are set to begin trading on the NYSE under the ticker 'SDHC' on January 11, 2024, with the offering expected to close on January 16, 2024, pending customary closing conditions.
January 11, 2024 | 6:58 am
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Smith Douglas Homes has announced the pricing of its IPO at $21 per share with trading on the NYSE to commence on January 11, 2024.
The announcement of an IPO pricing is a significant event for a company and typically generates investor interest. The set price of $21 per share establishes a baseline valuation for the company. As the trading date approaches, investor anticipation may drive demand, potentially impacting the stock price positively in the short term.
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