News Releases

Baker Botts Represents Dream Finders Homes, Inc. in its Initial Public Offering


On January 20, 2021, Dream Finders Homes, Inc. (“Dream Finders”) announced the pricing of its initial public offering of 9,600,000 shares of its Class A common stock at an initial public offering price of $13.00 per share. The shares of Dream Finders’ Class A common stock are expected to begin trading on the NASDAQ Global Select Market under the ticker symbol “DFH” on January 21, 2021. The underwriters have a 30-day option to purchase an additional 1,440,000 shares of Class A common stock from Dream Finders at the initial public offering price, less underwriting discounts and commissions. The initial public offering is expected to close on January 25, 2021, subject to customary closing conditions.

Dream Finders expects to receive approximately $124.8 million of gross proceeds from the offering before deducting underwriting discounts and estimated offering expenses, or $143.5 million if the underwriters exercise their option to purchase additional shares of Class A common stock in full.

BofA Securities, RBC Capital Markets and BTIG acted as joint book-running managers for the offering. Builder Advisor Group, LLC and Zelman Partners LLC acted as joint lead managers. Wedbush Securities and TCB Capital Markets acted as co-managers.

Dream Finders was founded by CEO, Patrick Zalupski, in 2008. Dream Finders is based in Jacksonville, FL, and is one of the nation’s fastest growing homebuilding companies, with industry leading returns on shareholder’s equity.  Dream Finders closed over 3,150 homes in 2020, an increase of 54% over the homes closed in 2019. The Company increased new home sales over 95% in 2020 when compared to 2019. Dream Finders builds homes in Florida, Texas, North Carolina, South Carolina, Georgia, Colorado, Virginia and Maryland.  Dream Finders achieves its industry leading growth and returns by maintaining an asset light homebuilding model.

The Baker Botts Team:

Corporate: Timothy Taylor (Partner, Houston); Carina Antweil (Senior Associate, Houston); Parker Hinman (Associate, Houston); Nathaniel Richards (Associate; Houston)

Tax: Michael Bresson (Partner, Houston); Matthew Larsen (Partner, Dallas); Jared Meier (Senior Associate, Houston)

Employee Benefits & Executive Compensation: Gail Stewart (Partner, Houston); Chris Pratt (Special Counsel, Houston); Laura McDaniels (Special Counsel, Palo Alto); Gaby Alvarez (Associate, Houston)

Finance: Luke Weedon (Partner, Dallas); Clint Culpepper (Senior Associate, Austin)

Environmental: Laura Williams (Associate, Houston)

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

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