Don't have an account? Register now. Morgan and Deutsche Bank Securities are the lead underwriters. The offering is expected to close on June 23, , subject to the satisfaction of customary closing conditions. FBR, J. Morgan and Deutsche Bank Securities are acting as book-runners of the offering. Century Communities is a top 50 homebuilder. Get limited access to our industry news, analysis and data, plus regular email updates.
A link has been emailed to you - check your inbox. Click here to register. Sign in. Log into your account. Password recovery. Recover your password. Nearly there! If you do not receive this within five minutes, please try and sign in again. The Greenwood Village, Colorado-based firm will offer 4. Morgan Securities LLC. CCS is homebuilding firm focused on single-family construction and sale in metropolitan markets in Colorado, Nevada, and Texas.
The firm is active in each phase of homebuilding, including land development and acquisition, entitlements, and the development, construction, sale and management of residential projects in metro areas. Source: Century Communities. CCS has delivered more than 2, homes since its formation, and was ranked as one of the top five fastest growing homebuilders in terms of total revenue in , according to Builder Magazine.
The firm seeks to develop projects expected to last two to three years from the construction of the first home to the completion and closing of the community. CCS has done business primarily in the Denver metropolitan area since its founding, and has more recently entered markets in Texas and Nevada in and , respectively. CCS offers the following figures in its S-1 balance sheet for the three months ended March 31, CCS has enjoyed consistent profitability, having posted profits in each quarter since its formation.
CCS competes with other homebuilders for customers, land acquisitions, financing, materials, and personnel. The relatively low barriers to entry in the homebuilding industry mean that competition will be consistently intense. CCS faces particular challenges in its new markets in Texas and Nevada, where established competitors will benefit from existing relationships with suppliers and subcontractors.
He previously served as Co-Division President for D. He also owned and operated Trimark Communities before its sale to D. Dale Francescon holds a B. Horton and owned and operated Trimark Communities in collaboration with Dale Francescon. He holds a B. We are optimistic on this IPO and expect it to pop out of the gate this week.
Though there still may be some reluctance on the part of investors to buy into homebuilders given the housing industry's highly publicized role in the recent global recession, CCS's solid history of profitability even through the recession should entice well-researched investors.
CCS's preference for developing communities over relatively short periods of time allows it to minimize its risk in holding land inventory, and its recent expansion into new markets and growing revenues hold out the promise of continued growth in the future. Highly experienced management, especially in the Colorado market, rounds this IPO out as a solid investment opportunity. Disclosure: The author has no positions in any stocks mentioned, but may initiate a long position in CCS over the next 72 hours.
The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it other than from Seeking Alpha. The author has no business relationship with any company whose stock is mentioned in this article.
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|Century communities ipo||He also owned and operated Trimark Communities before its sale to D. Register now Get limited access to our industry news, analysis and data, plus regular email updates Email address First name first name. CCS's preference for developing communities over relatively short periods of time allows it to minimize its risk in holding land inventory, and its recent expansion into new markets and growing revenues hold out the promise of continued growth in the future. Please check your spam or junk folder just in case it's been delivered there. CCS competes with other homebuilders for customers, land acquisitions, financing, materials, and personnel. The firm seeks to develop projects expected to last two to three years from the construction of the first home to the completion and closing of the community.|
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|Century communities ipo||Century Communities, Inc. Founded in and based in Williamstown, MA. He previously served as Co-Division President for D. If the problem persists, please email: subscriptions peimedia. PE Hub.|
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(the “Company”) today announced the pricing of its initial public offering of 4,, shares of its common stock, consisting of 4,, The initial public offering is slated to sell million shares with , shares to be sold to certain shareholders of the company. Colorado-based homebuilder Century Communities has launched its IPO after pricing its million shares at $23 per share.