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This week, Florida-based builder Dream Finders Homes filed with the U.S. Securities and Exchange Commission to raise $100 million in an initial public offering. Dream Finders Homes builds in the Jacksonville, Orlando, Denver, Washington, DC, and Austin markets. In October of this year, the builder acquired H&H Homes, which allowed for an expansion into the Charlotte and Raleigh markets. The builder constructs single-family entry-level homes, along with first-time move-up and second-time move-up homes. Along with building, the company offers title insurance and mortgage banking solutions.
The Jacksonville, FL-based company was founded in 2008 and booked $1.2 billion in revenue for the 12 months ended September 30, 2020. It plans to list on the Nasdaq under the symbol DFH. Dream Finders Homes filed confidentially on October 13, 2020. BofA Securities, RBC Capital Markets and BTIG are the joint bookrunners on the deal. No pricing terms were disclosed.
