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INITIAL PUBLIC OFFERING OF 2,300,000 SHARES OF COMMON STOCK OF ENGLE HOMES AT $11.50 PER SHARE

     INITIAL PUBLIC OFFERING OF 2,300,000 SHARES OF COMMON STOCK OF
                    ENGLE HOMES AT $11.50 PER SHARE
    NEW YORK, Jan. 21 /PRNewswire/ -- PaineWebber Incorporated, Dean Witter Reynolds Inc. and Raymond James & Associates, Inc., as managers of the offering, announced today the initial public offering of 2,300,000 shares of common stock of Engle Homes, Inc. at a price of $11.50 per share.  Engle Homes has been approved for quotation of its common stock on the NASDAQ National Market System under the symbol ENGL.  All of the shares are being sold by the company.
    Engle Homes, headquartered in Boca Raton, Fla., is engaged principally in the design, construction, marketing and sale of single- family homes, townhomes, patio homes and condominiums in southeast Florida.
    Copies of the prospectus may be obtained from PaineWebber Incorporated, 1285 Avenue of the Americas, New York, N.Y. 10019, Dean Witter Reynolds Inc., Two World Trade Center, New York, N.Y. 10048, or from Raymond James & Associates, Inc., 880 Carillon Pkwy., St. Petersburg, Fla. 33716.
    -0-          1/21/92
    /CONTACT:  Alec Engelstein, chairman of the board and chief executive officer of Engle Homes, 407-391-4012/
    (ENGL) CO:  Engle Homes Inc. ST:  Florida IN:  CST SU:  OFR SH -- NY057 -- 1765 01/21/92 11:17 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jan 21, 1992
Words:211
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