Renowned homebuilder in the U.S. and Canada, Taylor Morrison Home Corporation (TMHC) will proceed with its initial public offering next week according to sources. Next week, the homebuilder will start pitching to investors of the sale and they are estimating to finish the IPO two weeks from the time marketing was started, according an anonymous source. Initially, Taylor Morrison filed for an IPO with the value of $250 million then later raised the amount to $500 million.
The Scottsdale, Arizona home builder is projecting to earn from the resurgence of real estate sale and its costs after the greatest crisis in housing since the Great Depression of the 1930s. TPG Capital and Oaktree Capital Management LP, the company owners of Taylor Morrison, wants to take advantage of the surging demand for new equities since record high U.S. equities assures a bullish trend in the IPO market.
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