Smith Douglas Homes Corp. (SDHC) opened for trading at $23.50 after pricing the initial public offering of 7,692,308 shares of its Class A common stock at a price to the public of $21.00 per share. Smith Douglas has granted the underwriters a 30-day option to purchase up to an additional 1,153,846 shares of its Class A common stock.
J.P. Morgan, BofA Securities, RBC Capital Markets, Wells Fargo Securities, Wolfe | Nomura Alliance and Zelman Partners LLC are acting as joint book-running managers for the offering. Fifth Third Securities, Regions Securities LLC, Wedbush Securities and Whelan Advisory Capital Markets are acting as co-managers.