The sixth largest homebuilder in North America, Taylor Morrison Home Corporation, filed an initial public offering with the Securities and Exchange Commission to raise up to $250 million.
The North American business, founded by U.K. construction firm Taylor Wimpey, was sold to a private investment consortium for $995 million in 2011. Wimpey’s Canadian homebuilding company, Monarch, was included in the deal.
Credit Suisse Securities (CS) and Citigroup Global Markets (C) are the joint book-running managers on the deal.
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