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Bluegreen Vacations prices IPO at $14, below the range

November 16, 2017
BXG

Bluegreen Vacations, which sells timeshares and manages resorts in the US, raised $91 million. The company offered 6.5 million shares (42% insider) at $14, below the range of $16 to $18. Bluegreen Vacations plans to list on the NYSE under the symbol BXG. Stifel, Credit Suisse, BofA Merrill Lynch and SunTrust Robinson Humphrey acted as lead managers on the deal.