Appleby acted as BVI counsel to a stockholder of Landsea Homes Corporation (Nasdaq: LSEA), a British Virgin Islands company, on the underwritten secondary offering of 4,207,574 shares of the common stock of LSEA at a price of USD9.75 per share (approximate aggregate price of USD41 million), with an option for the underwriters to purchase up to 631,136 additional shares of common stock.
LSEA is a publicly traded residential homebuilder based in Dallas that designs and builds homes and sustainable master-planned communities. LSEA is developing homes and communities in Arizona, California, Florida and Texas in the US.
The Appleby team was led by Partner Vincent Chan.
Our Hong Kong Capital Markets team is highly regarded for their extensive expertise in supporting offshore companies with IPOs, introductions, placements and listings of both equity and debt securities on the Hong Kong, US, Singapore and many other internationally recognised stock exchanges.