Real Estate

William Lyon Homes seeks IPO success

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The IPO comes on the heels of builder Taylor Morrison Home Corp. raising $628.6 million in its initial public offering this week — more than $100 million higher than the homebuilder initially planned — so the allure is out there for other homebuilders to do the same.

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Credit Suisse (CS), Citi (C) and JPMorgan Chase (JPM) are the joint book-running managers on the deal.

In January, TRI Pointe Homes (TPH) went public, becoming the first homebuilder to do so since the pre-housing bust year of 2004. The company raised $233 million in its initial public offering.

mhopkins@housingwire.com

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