1290 Avenue of the Americas, where Cushman & Wakefield’s New York offices are located/Google maps

NEW YORK CITY–After many months of rumors that it would, Chicago-headquartered Cushman & Wakefield has filed the necessary paperwork to go public. It is among the last of the major brokers to go public: CBRE and Jones Lang LaSalle have been publicly-traded for years while Newmark went public in December 2017. Savills Studley is traded on the London Stock Exchange, and Colliers International is traded on the Toronto Stock Exchange and Nasdaq.

C&W hopes to raise $1 billion from a listing, according to sources cited in The Wall Street Journal, which would value it at $5 billion. The IPO hasn’t been priced yet nor has the number of shares that will be offered determined.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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