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AZ Central

Taylor Morrison IPO raises $526 million

April 10, 2013

Shares of Taylor Morrison Homes Corp., Arizona's newest public company, debuted on the New York Stock Exchange on Wednesday, posting a 4.7 percent price increase in its first day of trading. Scottsdale-based Taylor Morrison raised $526 million through its initial public offering of 28.6 million shares. The home builder's stock price opened at $22 a share, hit and intraday high of $23.78 and closed at $23.04.

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