Finance

Cushman & Wakefield sets IPO pricing

By 2018-07-24T07:39:00

Wall Street

Source: Shutterstock/Robert Cicchetti

Cushman & Wakefield has set the price range for its IPO at $16 to $18 per share, according to a prospectus filed with the US Securities and Exchange Commission on Monday.

The firm, backed by private equity firm TPG Capital expects to raise up to $810m (£618m) from the initial public offering (IPO). More than half of the proceeds, $470m, will be used to pay down debt. The property agency has a total debt of $3bn, the filing shows.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue