Dream Finders Homes Inc.’s stock begins trading on Jan. 21 and the timing couldn’t be better.
The Jacksonville-based homebuilder’s initial public offering of 9.6 million Class A shares was priced at $13 each late Jan. 20, clearing the way for trading to begin on the Nasdaq Global Select Market.
Not only is Dream Finders selling its stock in a strong market for its industry, but IPOs in general have been surging.
Dream Finders Homes founder and President Patrick Zalupski will retain control of his company after the initial public offering.
Major stock market indexes have reached record highs recently but stocks of homebuilders are doing even better than the overall market.