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Georgia Homebuilder Launches What Could Be 2024’s First US IPO

Lumber sits stacked in front of wooden framing during the construction of residential housing — Photographer: Bloomberg Creative Photos/Bloomberg

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By Michael Hytha

January 3, 2024 at 11:42 PM UTC

This article is for subscribers only.

Smith Douglas Homes Corp. launched plans to raise as much as $161.5 million in an initial public offering that could be the first US listing of 2024.

With dozens of potential IPO candidates watching closely for a sign of a listings rebound, Smith Douglas Homes said in a filing Wednesday that it plans to sell almost 7.7 million shares for $18 to $21 each.