A year after FivePoint Communities put a plan to go public on hold, the Aliso Viejo-based developer announced plans to trade its shares on the New York Stock Exchange starting Wednesday, May 10.
The initial stock price is set at $14 per share, $4 to $6 below the price the company originally expected for its stock.
FivePoint, which is managing Lennar Homes mega-projects in Irvine, San Francisco and northern Los Angeles County, is selling 21 million shares of common stock. The firm’s underwriters…