WCI Communities, Inc. reported the final pricing of the initial public offering of 6,819,091 shares of its common stock at US$15 per share. Trading of the company's common stock on the New York Stock Exchange is scheduled to begin on July 25, 2013.

The Florida-based company expects to garner around US$91.4 million in net proceeds, or an estimated US$105.7 if the underwriters decide to buy additional shares of the company in full.

WCI plans to use the proceeds gained from the offering for the acquiring and developing land, building luxury homes and other general corporate needs and purposes.

The luxury homebuilder recently hired Credit Suisse, Citigroup and J.P. Morgan as joint book-running managers, with Zelman Partners LLC as lead manager and FBR and Raymond James as IPO co-managers.

WCI Communities has a headquarters in Bonita Springs, Florida and has an established reputation as a luxury homebuilder and lifestyle community developer.