Howard Hughes Corp. (HHC) Files $674M IPO

October 22, 2010 9:31 AM EDT
The Howard Hughes Corporation (NYSE: HHC) filed a registration statement with the U.S. Securities and Exchange Commission today for an Initial Public Offering. The proposed maximum aggregate offering price is $674.22 million. 22,338,388 common shares have been registered for sale, and warrants for the purchase of up to 8,000,000 common shares have also been included in the registration. The company plans to list their shares on The New York Stock Exchange under the ticker “HHC.”

HHC will not receive any of the proceeds from the sale of these shares of their common stock or the warrants by the selling stockholders.

HHC is a real estate company created to specialize in the development of master planned communities and other strategic real estate development opportunities across the United States.

The corporation was formed pursuant to General Growth's (NYSE: GGP) emergence from bankruptcy.

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