Cushman files paperwork for its IPO

Number of shares and price for offering not yet determined

TRD New York /
Jun.June 20, 2018 02:07 PM

Brett White and Cushman New York HQ at 1290 6th Ave (Credit: Vornado Realty Trust)

Cushman & Wakefield filed paperwork with the Securities and Exchange Commission for its long-awaited initial public offering, the company announced Wednesday.

The number of shares Cushman plans to offer and the price range have not yet been determined, the company said.

Rumors have been swirling since earlier last year that Cushman, which is backed by the private equity firm TPG Capital, would look to debut on Wall Street. The Real Deal first reported last month that the global brokerage planned to file with the SEC in June.

Morgan Stanley, JP Morgan, Goldman Sachs and UBS Investment Bank will serve as the joint book-runners managing the offering.

Cushman and its advisers will now gauge interest in the offering before setting pricing and the number of shares to be offered.

Rival brokerage Newmark Knight Frank went public in December.

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