William Lyon Homes became the latest home builder looking to cash in on the housing recovery when the company filed on April 9 with the Securities and Exchange Commission to raise up to $200 million in an initial public offering.
Williams Lyon operates primarily in California, Nevada, Arizona, and Colorado.
The Newport Beach, CA-based company, which booked $398 million in sales for the 12 months ended Dec. 31, 2012, plans to list on the New York Stock Exchange under the symbol "WLH."
Credit Suisse, Citi, and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.
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