Thomas James Homes, which provides urban single-home housing development software and services, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
Thomas James Homes provides a cloud-based platform, called Fuse360, that enables it to identify and acquire older, existing houses on non-contiguous homesites in desirable urban neighborhoods and then build new homes on those homesites. Fuse360 aims to be a marketplace that connects homebuyers, subcontractors, realtors, and other constituents. The company claims its platform tracks approximately 5,000 distinct tasks per home and simultaneously manages hundred of single, non-contiguous homesite projects.
The Aliso Viejo, CA-based company was founded in 2006 and booked $431 million in sales for the 12 months ended June 30, 2021. It plans to list on the Nasdaq under the symbol TJH. Thomas James Homes filed confidentially on July 12, 2021. J.P. Morgan, Citi, BofA Securities, RBC Capital Markets, and BTIG are the joint bookrunners on the deal. No pricing terms were disclosed.
