Taylor Morrison Sets IPO Terms

Taylor Morrison Home, a construction company backed by Oaktree Capital Management, TPG and JH Investments, expects to price its upcoming IPO between $20 and $22 per share. The company plans to offer 23.81 million shares and list on the NYSE under the symbol TMHC. Based in Scottsdale, AZ, Taylor Morrison is a homebuilder and land developer. Its private equity backers carved it out of Taylor Wimpey, a U.K.-based construction company, in 2011 for about $1.2 billion.

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