William Lyon Homes IPO Info
Company Name: William Lyon Homes
Stock Symbol: WLH
Exchange: NYSE
Status: Priced
IPO Date: 5/16/2013
IPO Price:
25.00 (
-11.44%)
Underwriters
Credit Suisse, Citigroup and JPMorgan
Amount of Offering: N/A
Number of Shares Offered: 8.7 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
William Lyon Homes is one of the largest Western U.S. regional homebuilders. Headquartered in Newport Beach, California, and are primarily engaged in the design, construction, marketing and sale of single-family detached and attached homes in California, Arizona, Nevada and Colorado. Our core markets include Orange County, Los Angeles, San Diego, the San Francisco Bay Area, Phoenix, Las Vegas and Denver. William Lyon Homes has distinguished legacy of more than 55 years of homebuilding operations, over which time we have sold in excess of 75,000 homes. William Lyon Homes's markets are characterized by attractive long-term housing fundamentals and, based upon the Burns Home Value Index, eight of their markets have experienced double-digit year-over-year home price appreciation. William Lyon Homes hold leading market share positions in most of these markets andhave a significant land supply with more than 11,800 lots owned or controlled as of December 31, 2012, representing a 13-year supply of lots based upon 2012 home closings.
Financial Data
In 2012 the company delivered 950 homes, with an average selling price of approximately $275,000, and recognized home sales revenues and total revenues of $261.3 million and $398.3 million, respectively.
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