Shares of Century Communities, a fast-growing homebuilder based in Greenwood Village, lost 7.6 percent of their value on the first day of trading.
Colorado's newest public company came out at $23 a share, the low end of a proposed $23 to $26 a share range. After jumping briefly at the opening Wednesday to $23.40, the shares, ticker CCS, moved lower and ended the day at $21.25.
Century Communities offered 4 million shares directly, raising $92 million before fees. Insiders offered 480,000 shares.