News Details

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)-- Century Communities, Inc. (the “Company”) today announced the launch of its initial public offering of 4,480,000 shares of its common stock, consisting of 4,000,000 shares being offered by the Company and 480,000 shares being offered by certain stockholders of the Company. The initial public offering price is expected to be between $23.00 and $26.00 per share. The Company expects to grant the underwriters an option to purchase up to an additional 672,000 shares of common stock. The Company has applied to list its common stock on the New York Stock Exchange under the symbol "CCS."

The Company intends to use the net proceeds from this offering for the acquisition and development of land, home construction and other related purposes. The Company will not receive any proceeds from the sale of shares by the selling stockholders.

FBR, J.P. Morgan and Deutsche Bank Securities are acting as book-runners of the offering. Zelman Partners LLC and Builder Advisor Group are acting as co-managers. The offering of these securities is being made only by means of a prospectus. Copies of the preliminary prospectus can be obtained from:

A registration statement, including a prospectus, which is preliminary and subject to completion, relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

ABOUT CENTURY COMMUNITIES:

Colorado-based Century Communities is a builder of single-family homes, townhomes and flats in select major metropolitan markets in Colorado, Texas, and Nevada. Century Communities is a top 50 homebuilder.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on historical information available at the time the statements are made and are based on management’s reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company’s control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Investors are referred to the Company’s registration statement for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement.

Century Communities, Inc.
Investor Relations:
303-268-8398
[email protected]

Source: Century Communities, Inc.