Smith Douglas Homes Corp. Plans Initial Public Offering

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Smith Douglas Homes Corp. (Smith Douglas), a leading national private homebuilder, has initiated steps towards an initial public offering (IPO) by filing a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC). Details regarding the number of shares and their pricing for this offering remain undecided. The IPO’s completion, size, and terms are contingent on market conditions. No assurance exists on the offering’s completion timeline or its specifics. Smith Douglas intends to register its common stock on the New York Stock Exchange, anticipating the ticker symbol “SDHC.”

For the IPO, J.P. Morgan, BofA Securities, RBC Capital Markets, Wells Fargo Securities, and Wolfe | Nomura Alliance will serve as primary book-running managers. Additional management support comes from Fifth Third Securities, Regions Securities LLC, Wedbush Securities, and Whelan Advisory Capital Markets as co-managers.

Interested parties can soon access the preliminary prospectus tied to this offering from:

  • J.P. Morgan: Contact Broadridge Financial Solutions, located at 1155 Long Island Avenue, Edgewood, NY 11717. Reach them at 1-866-803-9204 or [email protected].
  • BofA Securities: Direct inquiries to the Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001 or email [email protected].
  • RBC Capital Markets: Their Prospectus Department is situated at Three World Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281. Call (877) 822-4089 for details.
  • Wells Fargo Securities, LLC: Located at 500 West 33rd Street, New York, New York, 10001. They can be contacted at 1-800-326-5897 or [email protected].

The SEC is still reviewing the filed Form S-1. Until it’s approved, there will be no sales or acceptance of buying offers for these securities. This announcement doesn’t represent an official offer for the mentioned securities. Any sales or purchase offers in jurisdictions where such actions are illegal without proper registration or qualification will not be considered.

About Smith Douglas Homes

With its headquarters in Atlanta, Georgia, Smith Douglas Homes stands as one of the nation’s rapidly expanding private homebuilders. Since its establishment, more than 13,000 families have chosen Smith Douglas to realize their dream homes. Nationally ranked as a top 50 builder and boasting 2,200 closings in 2022, it currently ranks 38th. Smith Douglas targets entry-level and down-sizing buyers in cities like Atlanta, Birmingham, Charlotte, Houston, Huntsville, Nashville, and Raleigh. The company is renowned for offering homes below the FHA loan limit in these metro areas, blending affordability with luxury for its customers.

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