Homebuilding IPO UCP (UCP) Flops
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Today's IPO for homebuilder UCP, Inc. (NYSE: UCP) is not having the best debut. After pricing 7,750,000 shares at $15, shares opened at $14.75 and have since drifted lower to $13.98.
Citigroup, Deutsche Bank Securities and Zelman Partners LLC are acting as joint book-runners of the offering. JMP Securities is acting as manager of the offering. The offering of these securities is being made only by means of a prospectus.
UCP, Inc. is a homebuilder and land developer, with significant land acquisition and entitlement expertise, in growth markets in Northern California and with a growing presence in attractive markets in the Puget Sound area of Washington State.
Citigroup, Deutsche Bank Securities and Zelman Partners LLC are acting as joint book-runners of the offering. JMP Securities is acting as manager of the offering. The offering of these securities is being made only by means of a prospectus.
UCP, Inc. is a homebuilder and land developer, with significant land acquisition and entitlement expertise, in growth markets in Northern California and with a growing presence in attractive markets in the Puget Sound area of Washington State.
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