Builder Taylor Morrison ups its public offering amount

By Catherine Reagor | The Arizona Republic

Scottsdale-based Taylor Morrison Home Corp. could now raise as much as $500 million through its initial public offering, double the amount from the home builder’s original filing in December.

Taylor Morrison’s updated filing with the Securities and Exchange Commission also shows the builder has chosen the New York Stock Exchange for its stock to trade on.

The builder reported more than $1 billion in revenue during 2012.

Taylor Morrison is currently backed by private-equity firms TPG Global LLC, Oaktree Capital Management and JH Investments Inc. The funds purchased the builder from United Kingdom-based Taylor Wimpey for $1.2 billion in 2011.

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February 20, 2013

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