BUZZ-Smith Douglas Homes is set to debut its first IPO in 2024
**Smith Douglas Homes SDHC.N is poised to debut on Thursday after its IPO beat expectations, making it the first new listing of 2024
**Full initial public offering of approximately 7.69 million shares priced at $21 versus marketed range of $18 to $21, representing a gross raise of $161.5 million
**Stocks begin trading on the NYSE with the symbol “SDHC”
**The Atlanta, Georgia-based company builds single-family homes in the single-family home and duplex sectors primarily in the Southeast and Texas
**The company, founded in 2008, has built more than 13,000 homes and expects there to be a total of 2,297 closings in 2023, up 4% from the previous year, according to its prospectus filing
** JP Morgan and BofA lead the IPO
** The IPO market showed signs of revival last year, particularly with the high-profile listing of SoftBank's chip designer Arm ARM.OGrocery delivery app Instacart/Maplebear CART.O and German sandal maker Birkenstock BIRK.N
** But disappointing debuts and volatile stock trading dampened investor enthusiasm
(Lance Tupper is a Reuters market analyst. Views expressed are his own)
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