Money
Century Becomes Home Building's 8th New Public in 18 Months
Century Communities executives opened the New York Stock Exchange yesterday, after raising $103 million by offering 4.5 million shares at $23, the low end of the range of $23 to $26. Listing on the NYSE under the symbol CCS, with FBR Capital Markets, J.P. Morgan and Deutsche Bank acting as lead managers on the deal, Century becomes the 8th privately-held home builder to go public in the past 18 months.
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