ALISO VIEJO, Calif., July 7, 2015 /PRNewswire/ -- Five Point Holdings, Inc. (the "Company") announced today that it has confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission ("SEC") for a possible initial public offering of its Class A common stock. The purpose of the proposed offering is to facilitate the combination of the entities that own, and will continue to own, Newhall Ranch, Great Park Neighborhoods and the San Francisco Shipyard and Candlestick Point, with the Company being the successor to Newhall Holding Company, LLC. Emile Haddad will be the Chairman and Chief Executive Officer of the Company. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions.
This announcement is being made pursuant to and in accordance with Rule 135 under the U.S. Securities Act of 1933, as amended. As required by Rule 135, this announcement is not intended to, and does not, constitute an offer of any securities for sale.
SOURCE Five Point Holdings, Inc.