![Sheryl Palmer, President and CEO of Taylor Morrison, waits for her company's IPO to begin trading on the floor of the New York Stock Exchange, Wednesday, April 10, 2013.](http://i.azcentral.com/i/3/2/8/L169_CIFR6b9c82d2821ba4135c34485f435f5823.jpg)
Shares of Taylor Morrison Homes Corp., Arizona’s newest public company, debuted on the New York Stock Exchange on Wednesday, posting a 4.7 percent price increase in its first day of trading.
Scottsdale-based Taylor Morrison raised $526 million through its initial public offering of 28.6 million shares. The home builder’s stock price opened at $22 a share, hit and intraday high of $23.78 and closed at $23.04.
Read more: Taylor Morrison IPO raises $526 million