Taylor Morrison Home, an Arizona-based construction company owned by Oaktree Capital Management, TPG Capital and JH Investments, has priced its initial public offering at $22 per share and gone public. Company shares now trade on the NYSE under the ticker symbol TMHC. Based in Scottsdale, Taylor Morrison is a homebuilder and land developer with communities in Arizona, California, Colorado, Florida and Texas. Its private equity backers carved the company out of Taylor Wimpey, a U.K.-based construction company, in 2011 for about $1.2 billion. Oaktree and TPG both reduced their holdings in the company through the offering, paring down their stakes from 48.7% to 37.4%. Shares closed at $23.04 on their first day of trading.