FivePoint stock sale generates $420 million from all sources

Great Park housing developer FivePoint Communities raised about $420 million from all sources in an initial public offering held on the New York Stock Exchange, the Aliso Viejo company announced this week.
The IPO closed with all 3.15 million over-allotment shares allocated to underwriters sold. In all, FivePoint sold 24.15 million shares at the initial price of $14 a share, generating about $320 million after discounts, commissions and expenses, the company said.The price rose above $16 per sha