The New Home Company, a company which bills itself as a "new generation homebuilder focused on the design, construction and sale of innovative and consumer-driven homes", recently launched an IPO in an effort to raise funds for an expansion. The company is focusing on major metropolitan areas within select growth markets in California, including coastal Southern California, the San Francisco Bay area and metro Sacramento.
The IPO raised $86 million, which came in a lot lower than many observers (and the company) expected. Read more on the story at the Los Angeles Times.
Visit their website at: thenewhomecompany.com.