TRI Pointe Homes LLC (TPH) made its public debut on Thursday, January 31st. Shares of the construction company ended their first day with gains of 11.7% at $19.00 per share. From that point in time, shares kept hovering around the $19 mark, closing at $19.03 on Wednesday.
The Public Offering
TRI Pointe Homes is a newly formed homebuilding company. The company will focus on the design, construction and sale of innovative single-family homes in key metropolitan areas in California. TRI Pointe was founded as recent as April 2009, amidst the downturn in the construction industry.
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