HomeBanc Prices IPO

HomeBanc Corp., Atlanta, has announced the pricing of an initial public offering of 30 million shares of common stock at $7.50 per share, and the pricing of the sale of 4.25 million shares of common stock to GTCR Fund VII/A LP at $7.02 per share.In addition, HomeBanc Corp. has granted the underwriters a 30-day option to buy up to 4.5 million additional shares to cover any overallotments. J.P. Morgan Securities Inc. is the sole book-running manager and joint lead manager. The other joint lead manager is Friedman, Billings, Ramsey & Co. The stock has been authorized for listing on the New York Stock Exchange under the symbol HMB. HomeBanc Corp. is the parent company of HomeBanc Mortgage Corp., a mortgage banking company that focuses on originating purchase-money residential mortgage loans in the Southeast. HomeBanc Corp. said it plans to make an election to be taxed as a real estate investment trust.