initial public offerings (IPOs) trading on American exchanges

Wednesday, August 1, 2018

Cushman & Wakefield PLC (CWK) prices IPO at $17

Cushman & Wakefield Inc. is a global commercial real estate services company. The company’s headquarters is located in Chicago, with regional headquarters in New York City, London, Sydney, and Bengaluru.

  • Number of employees: 45,000
  • Founded: 1917

Cushman & Wakefield PLC (CWK) priced its initial public offering at $17 a share Wednesday evening, the middle of its proposed range. The giant real-estate services firm plans to sell at least 45 million shares at that price, which would bring in at least $765 million at a valuation of about $3.13 billion. Underwriters -- led by Morgan Stanley, JP Morgan, Goldman Sachs and UBS -- have access to another 6.75 million shares in case of overallotment. Cushman & Wakefield shares are expected to begin trading Thursday morning on the New York Stock Exchange under the ticker symbol CWK.

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