Coral Springs, Florida
Bonita Springs, FL
(July 25, 2013) – WCI Communities Inc. (WCI or the Company) today announced the successful public sale of 6,819,091 shares of WCI common stock, at a price of $15 per share. WCI begins trading today on the New York Stock Exchange under the symbol WCIC.
WCI is a lifestyle community developer and luxury homebuilder of single- and multi-family homes in most of coastal Florida’s highest growth and largest markets. WCI operates three businesses, including its primary homebuilding business and complementary real estate services and amenities businesses.
Keith E. Bass, president and CEO of WCI, said, “This is an exciting day for everyone at WCI. With the capital we have raised today, combined with our sizeable and attractive land inventory, strong existing market position, and highly respected local management teams, we are well positioned to expand both organically and through strategic acquisitions in the highly attractive coastal Florida housing market.”
Bass, joined by members of WCI’s management team, board of directors and sponsors, celebrated the company’s first day of trading on the NYSE by ringing The Opening Bell.
A webcast of the event is available at https://nyse.nyx.com/the-bell.
Photo: WCI Communities CEO Keith E. Bass, joined by members of WCI’s management team, board of directors and sponsors, celebrated the company’s first day of trading on the NYSE by ringing The Opening Bell.
About WCI Communities Inc. (NYSE: WCIC)
Headquartered in Bonita Springs, Fla., the Company is a lifestyle community developer and luxury homebuilder of single- and multi-family homes in most of coastal Florida’s highest growth and largest markets. The Company has established a reputation and strong brand recognition for developing amenity rich, lifestyle oriented master-planned communities and, including its predecessor companies, has a legacy that spans more than 60 years. The Company also operates real estate brokerage and title services businesses that complement its homebuilding operations.
Certain statements contained in this release that are not historical information contain forward-looking statements. The forward-looking statements involve risks and uncertainties and actual results may differ materially from those projected or implied. Further, certain forward-looking statements are based on assumptions of future events which may not prove to be accurate. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believe,” “estimate,” “project,” “anticipate,” “expect,” “seek,” “predict,” “contemplate,” “continue,” “possible,” “intend,” “may,” “might,” “will,” “could,” “would,” “should,” “forecast,” or “assume” or, in each case, their negative, or other variations or comparable terminology. The Company derives many of its forward-looking statements from its operating budgets and forecasts, which are based upon many detailed assumptions. While the Company believes that its assumptions are reasonable, it is difficult to predict the impact of known factors and, of course, it is impossible to anticipate all factors that could affect actual results.
You should keep in mind that any forward-looking statement made by the Company herein, or elsewhere, speaks only as of the date on which made. New risks and uncertainties come up from time to time, and it is impossible for the Company to predict these events or how they may affect it. The Company has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.