Golden West Homes Inc.: The builder of prefabricated houses said Friday that it has filed an application to raise $10.5 million to $13.5 million in an initial public stock offering.
The company said it filed a registration statement with the Securities and Exchange Commission for an offering of 1.835 million shares of common stock. Of that number, the company would sell 1.5 million shares and certain stockholders would sell 335,000 shares.
The initial public offering price is estimated to be between $7 and $9 a share. Wedbush Morgan Securities is the managing underwriter.
Golden West, based in Santa Ana, has three factories that build homes that can be assembled at land sites.