Smith Douglas Homes Corp., one of the nation’s fastest growing private homebuilders by number of closings, has announced the pricing of the initial public offering of 7,692,308 shares of its Class A common stock at a price to the public of US$21.00 per share. Smith Douglas has granted the underwriters a 30-day option to purchase up to an additional 1,153,846 shares of its Class A common stock. Smith Douglas shares are expected to begin trading on the New York Stock Exchange on January 11, 2024 under the ticker symbol “SDHC.” The offering is expected to close on January 16, 2024, subject to customary closing conditions.
Latham & Watkins LLP represents Smith Douglas in the offering with a capital markets team led by partners Marc Jaffe, Senet Bischoff, and Benjamin Cohen, with associates Katie Lovejoy, Carolina Bernal, and Emma Fichtel. Advice was also provided on M&A matters by partner Ian Nussbaum, with associates Nancy Zhu and Sara Brown; on public company representation matters by partner Dennis Craythorn, with associate Naseem Faqihi Alawadhi; on tax matters by partner Andrea Ramezan-Jackson, with associate Nolon Blaylock; on benefits and compensation matters by partner Michelle Carpenter, with associates Rachel Narowski and Morgan Wesner; and on banking matters by partners Katherine Putnam and Melissa Frankel Fabian, with associate Katie Inglis.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
The advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
