Thomas James Homes (TJH) Files For Up to $100M IPO

Thomas James Homes (NASDAQ: TJH) files for up to $100,000,000 IPO.

The company describes itself as: " Thomas James Homes was formed with the goal of transforming U.S. housing in the predominantly single-family home neighborhoods located within and near large cities, which we refer to as urban housing markets, by providing consumers with a simple, seamless, efficient and transparent option for purchasing or building new single-family homes in desirable urban neighborhoods at attainable prices. We do this through our proprietary technology platform, which we call Fuse360, which enables us to identify and acquire older, existing houses on non-contiguous homesites in the most desirable neighborhoods located near the heart of many of the country’s largest cities and then efficiently and profitably building new replacement homes on those homesites.

Our cloud-based Fuse360 technology offers a fully managed marketplace that seamlessly connects and generates platform efficiencies for homebuyers, subcontractors, realtors and other constituents across our single-family new home ecosystem while delivering an exceptional customer experience and the cost benefits of operating with economies of scale. Our platform tracks on average approximately 5,000 distinct tasks per home and simultaneously manages hundreds of single, non-contiguous homesite projects."

J.P. Morgan, Citigroup, BofA Securities, RBC Capital Markets will serve as lead underwriters.

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