The New Home Company CEO Larry Webb talks about taking his firm public.
Whenever Larry Webb participated in a home builder conference panel discussion about private versus public, he would expound on the virtues of being privately held. After leaving John Laing Homes in 2008, Larry and three other former John Laing executives started a new company during the depths of the housing crash in 2009. The New Home Company eventually attracted capital from private equity investment firms and grew to build in 22 communities on its own and in joint ventures. Then the builder completed an IPO in January 2014 and raised $86 million.