By Guy Montague-Jones2018-08-02T18:57:00
Cushman & Wakefield’s John Forrester discusses firm’s indebtedness, growth plans and prospects as its shares surge on first day of trading as a listed company.
Documents filed with the Securities and Exchange Commission ahead of Cushman & Wakefield’s initial public offering (IPO) today revealed that the group had built up debt of around $3bn (£2.3bn). They also listed the company’s debt as a risk factor for the business and warned that it may “adversely affect” its ability to operate.
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