CALABASAS, CA—Investment services firm Marcus & Millichap Inc. has filed for an initial public offering with the US Securities and Exchange Commission, GlobeSt.com has EXCLUSIVELY found out. According to the filing, the number of shares and the price range for the offering have not been determined.
Upon completion of the IPO, Marcus & Millichap Real Estate Investment Services Inc. will be a wholly owned subsidiary of Marcus & Millichap Inc. Citigroup and Goldman, Sachs & Co. will serve as joint book runners for the proposed offering. JMP Securities will serve as a lead manager and William Blair will act as a co-manager. The offering will be made only by means of a prospectus.
Marcus & Millichap representatives were not available for comment. With more than 1,100 investment and financing professionals across the country, the firm is one of the largest specialists in commercial real estate investment services in the US. Last year, it closed 6,149 transactions in 2012, valued at approximately $22 billion.
Stay tuned to GlobeSt.com over the next few weeks for more information.