Morrison Homes Corp. filed papers Wednesday requesting to become the second publicly traded homebuilder in Arizona through a $250 million-initial public offering, reports Phoenix Business Journal Scottsdale-based Taylor Morrison’s S-1 filing with the Securities and Exchange Commission did not specify how many shares will be offered and what those shares will be priced at. It also did not even say which securities exchange it wishes to be traded on, but did have it’s desired ticker symbol — “TMHC” — nailed down.
Meritage Homes Corp. (NYSE: MTH), also based in Scottsdale, is currently the only publicly traded homebuilder in the state.
Taylor Morrison was the sixth-largest homebuilder in North America last year based on revenue, according to the filing.
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