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Smith Douglas Homes Priced, NYSE: SDHC

Homebuilder in the southeastern US focused on single-family homes.

Industry: Real Estate

Latest Trade: $22.34 0.00 (0.0%)

First Day Return: +14.3%

Return from IPO: +6.4%

Industry: Real Estate

We are one of the nation’s fastest growing private homebuilders by number of closings and are engaged in the design, construction, and sale of single-family homes in some of the highest growth and most desirable markets in the Southeastern United States. We employ an efficient land-light, production focused, and conservatively leveraged business model, which we believe results in a compelling combination of strong home closing gross margins, construction cycle times, and returns. Our communities are primarily targeted to entry-level and empty-nest homebuyers. We offer our homebuyers an attractive value proposition by providing a personalized home buying experience at affordable price points. With the goal of becoming one of the most dominant homebuilders in the Southeastern and Southern United States, we intend to grow operations within our existing footprint and to expand into new markets where we can most effectively implement our business strategy and maximize our profit and returns.
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IPO Data
IPO File Date 09/06/2023
Offer Price $21.00
Price Range $18.00 - $21.00
Offer Shares (mm) 7.7
Deal Size ($mm) $162
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/10/2024
Offer Price $21.00
Price Range $18.00 - $21.00
Offer Shares (mm) 7.7
Deal Size ($mm) $162
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
J.P. Morgan
BofA Securities
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Company Data
Headquarters Woodstock, GA, United States
Founded 2008
Employees 364
Website www.smithdouglas.com

Smith Douglas Homes (SDHC) Performance