SDHC News

Eleven IPOs raised a combined $3.8 billion in January, the busiest month for both $100+ million and $1+ billion IPOs since late 2021. Six offerings raised $100 million or more, led by two billion-dollar deals: sports gear maker Amer Sports (AS) and Kazakhstani "super app" Kaspi.kz (KSPI). Remaining activity came from small, primarily China-based...read more

One company went public this past week, completing the year’s first US IPO. Georgia-based homebuilder Smith Douglas (SDHC) priced at the high end to raise $162 million at a $1.1 billion market cap. Operating in the Southeastern and Southern US, the company builds and sells single-family homes, catering to first-time home buyers and empty nesters. The...read more

Smith Douglas Homes, an homebuilder in the southeastern US focused on single-family homes, raised $162 million by offering 7.7 million shares at $21, the high end of the range of $18 to $21. Smith Douglas Homes is engaged in the design, construction, and sale of single-family homes in the southeastern US, targeting communities with entry-level and empty-nest homebuyers. The...read more

The 2024 IPO market is here, and it’s kicking off the new year with a large deal. Smith Douglas Homes (SDHC) is scheduled to go public in the week ahead in what could be the year’s first US IPO. Georgia-based homebuilder Smith Douglas plans to raise $150 million at a $1.0 billion market cap. Operating in the Southeastern and Southern...read more