UCP Inc announced the pricing of the company's initial public offering. The offering is for 7,750,000 shares of UCP Inc's Class A common stock. The public offering price was tagged at US$15 per share. The shares will trade under the name "UCP" and will be listed in the New York Stock Exchange. Net proceeds from the public offering are estimated to be US$105.6 million. The price was estimated after the deduction of the underwriting discount and other offering expenses. UCP Inc announced that the net proceeds will be used for land development and land acquisition, as well as home construction and other general corporate purposes.

Zelman Partners LLC, Deutsche Bank Securities and Citigroup acted as the joint book runners for the public offering. JMP Securities acted as the manager for the deal.

UCP, Inc. is a land developer and homebuilder working mainly Northern California. The company is establishing a growing presence in the Puget Sound area of the Washington State.