Taylor Morrison Home Corp. priced a public offering of 10.0 million class A common shares at $19.00 per share.

The company also granted the underwriters an option to buy up to 1.5 million additional shares.

The net proceeds will be used to buy the same number of partnership units in Taylor Morrison's TMM Holdings II LP subsidiary, together with the same number of class B common shares held by affiliates and funds managed by TPG Global LLC, Oaktree Capital Management LP and JH Investments Inc., which are also the company's current equity sponsors.

J.P. Morgan Securities LLC, Citigroup and Credit Suisse Securities (USA) LLC are the joint book-running managers, and Deutsche Bank Securities, BofA Merrill Lynch, Goldman Sachs & Co., Wells Fargo Securities LLC and Zelman Partners LLC are the joint lead managers.

HSBC Securities (USA) Inc., TPG Capital BD LLC and Comerica Securities Inc. are the co-managers.