Cushmans prepares to launch IPO
Cushman & Wakefield is readying for a float on the New York Stock Exchange.
This evening the agent filed a registration statement with the US Securities and Exchange Commission relating to its long-proposed initial public offering.
The number of shares and the price range for the proposed offering have not yet been determined.
Cushman & Wakefield is readying for a float on the New York Stock Exchange.
This evening the agent filed a registration statement with the US Securities and Exchange Commission relating to its long-proposed initial public offering.
The number of shares and the price range for the proposed offering have not yet been determined.
Morgan Stanley, JP Morgan, Goldman Sachs, UBS Investment Bank, Barclays Capital, BofA Merrill Lynch, Citigroup Global Markets, Credit Suisse Securities and William Blair & Company will all serve as joint book-running managers for the offering.
SEE ALSO: Is the time right for a Cushmans IPO?
Prior to the closing of the proposed offering, Cushman & Wakefield will restructure from DTZ Jersey Holdings, a Jersey limited company, the entity that filed the registration statement today, to a public limited company incorporated in England and Wales, to be named Cushman & Wakefield.
Rumours of an IPO of the agent has been rumoured for many years but became a real prospect in 2015 followings TPG’s acquisition of the business from Italy’s Exor and its subsequent merger with DTZ.
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