Legacy Housing Scheduled, Nasdaq: LEGH

Builds, sells, and finances manufactured homes.

Industry: Real Estate

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Industry: Real Estate

Legacy Housing Corporation builds, sells and finances manufactured homes and "tiny houses" that are distributed through a network of independent retailers and company-owned stores and are sold directly to manufactured housing communities. We are the fourth largest producer of manufactured homes in the United States as ranked by number of homes manufactured based on information available from the Manufactured Housing Institute and IBTS for the second quarter of 2018. With current operations focused primarily in the southern United States, we offer our customers an array of quality homes ranging in size from approximately 390 to 2,667 square feet consisting of 1 to 5 bedrooms, with 1 to 31/2 bathrooms. Our homes range in price, at retail, from approximately $22,000 to $95,000. In 2017, we built and sold 3,274 home sections (which are entire homes or single floors that are combined to create complete homes). During the first nine months of 2018, we have sold 3,045 home sections. We commenced operations in 2005 and have experienced strong sales growth and increased our equity holders' capital at a compound annual growth rate of approximately 25% between 2009 and 2017. We currently have the largest backlog of orders in our company's 13-year history.
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IPO News for Legacy Housing
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IPO Data
IPO File Date 11/09/2018
Offer Price
Price Range $10.75 - $12.75
Offer Shares (mm) 3.5
Deal Size ($mm) $41
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range $10.75 - $12.75
Offer Shares (mm) 3.5
Deal Size ($mm) $41
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Bedford, TX
Founded 2005
Employees 800
Website www.legacyhousingcorp.com