WCI boosts IPO plans

BONITA SPRINGS — WCI Communities boosted its plans for an initial public offering of stock to $222 million, according to a regulatory filing today.

WCI, a homebuilder and developer that emerged from bankruptcy protection in 2009, increased its offering on the New York Stock Exchange from $150 million initially. The company didn't cite a reason for the increase and company officials couldn't be reached to discuss it.

However, WCI issued a statement saying current stockholders plan to also sell shares to the public alongside the company's offering. The company expects to receive net proceeds of $135.5 million from the IPO.